Starting this year, the domestic manufacturing deduction increases to 9% of income from eligible activities, making it more attractive even for smaller businesses. The deduction is available for a range of production activities performed in the U.S. Read more»
A joint proposal from the Financial Accounting Standards Board and the International Accounting Standards Board to overhaul lease accounting would result in a single “right-of-use” approach applied to lessees and lessors. The standard-setting bodies Tuesday outlined details of the proposed changes, which would affect any business entering into a lease, with some specified exceptions, and opened a four-month comment period during which they will evaluate the costs and benefits of the proposal and other implications. Read more»
Hannis T. Bourgeois, LLP, Certified Public Accountants, recently announced the following promotions. Linda Hughes was promoted from Manager to Senior Manager in the Tax Division. John White, CPA and Cynthia Avin, CPA were promoted from Senior Accountants to Managers also in the Tax Division. In addition, Kyle Cook, Lori Aydell, CPA, Dipesh Patel, Jerrett Richter and Amanda Johnston were promoted to Senior Accountants. Jenna Frederick, Anne Marie Hebert and Ryan Harris were promoted to Semi-Senior Accountants. Jake LeBlanc, Matthew LaBorde, Gus Abad, Jennifer Berniard, Elizabeth Hammett and Megan Weaver were promoted to Staff Accountants Level II. Read more»
