RPB_Admin
The Beauty of Winemaking
THE PERFECT MIX Soil & Climate Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi consequat nulla sed tellus feugiat facilisis. Donec egestas id libero nec consectetur. Praesent porta pellentesque urna in gravida. Suspendisse et convallis odio. Sed risus nunc, tincidunt in lacus elementum, maximus aliquet libero. Etiam sed fermentum ipsum. Cras quis suscipit urna, non ultricies libero. Duis finibus quis massa in vulputate. Vivamus finibus cursus ipsum, non dapibus turpis commodo et. Cras porttitor sollicitudin sem, vitae dignissim tortor congue a. Nulla sagittis diam at eros tempor, a pretium sem viverra. Nulla facilisi. Suspendisse vel facilisis
Why Cork?
THE PERFECT MIX Soil & Climate Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi consequat nulla sed tellus feugiat facilisis. Donec egestas id libero nec consectetur. Praesent porta pellentesque urna in gravida. Suspendisse et convallis odio. Sed risus nunc, tincidunt in lacus elementum, maximus aliquet libero. Etiam sed fermentum ipsum. Cras quis suscipit urna, non ultricies libero. Duis finibus quis massa in vulputate. Vivamus finibus cursus ipsum, non dapibus turpis commodo et. Cras porttitor sollicitudin sem, vitae dignissim tortor congue a. Nulla sagittis diam at eros tempor, a pretium sem viverra. Nulla facilisi. Suspendisse vel facilisis
Dessert Wine 101
THE PERFECT MIX Soil & Climate Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi consequat nulla sed tellus feugiat facilisis. Donec egestas id libero nec consectetur. Praesent porta pellentesque urna in gravida. Suspendisse et convallis odio. Sed risus nunc, tincidunt in lacus elementum, maximus aliquet libero. Etiam sed fermentum ipsum. Cras quis suscipit urna, non ultricies libero. Duis finibus quis massa in vulputate. Vivamus finibus cursus ipsum, non dapibus turpis commodo et. Cras porttitor sollicitudin sem, vitae dignissim tortor congue a. Nulla sagittis diam at eros tempor, a pretium sem viverra. Nulla facilisi. Suspendisse vel facilisis
What tax records can you throw away?
Now that you’re finally done filing last year’s return, you might wonder: Which tax records can you toss out? Now is a good time to go through old tax records and see what you can discard. The general rules At minimum, you should keep tax records for as long as the IRS has the ability to audit your tax return or assess additional taxes, which generally is three years after you file your return. This means you potentially can get rid of most records related to tax returns for 2016 and earlier years. However, the statute of limitations extends to
Gifts in kind: New reporting requirements for nonprofits
On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash contributions charities and other not-for-profit organizations receive known as “gifts in kind.” Here are the details. Need for change Gifts in kind can play an important role in ensuring a charity functions effectively. They may include various goods, services and time. Examples of contributed nonfinancial assets include: Fixed assets, such as land, buildings and equipment, The use of fixed assets or utilities, Materials and supplies, such as food, clothing or pharmaceuticals, Intangible assets, and Recognized contributed services. Increased scrutiny by
2020 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. Thursday, October 15 If a calendar-year C corporation that filed an automatic six-month extension: File a 2019 income tax return (Form 1120) and pay any tax, interest and penalties due. Make contributions for 2019 to certain employer-sponsored retirement plans. Monday, November 2 Report income tax withholding and FICA
Levels of assurance: Choosing the right option for your business today
The COVID-19 crisis is causing private companies to re-evaluate the type of financial statements they should generate for 2020. Some are considering downgrading to a lower level of assurance to reduce financial reporting costs — but a downgrade may compromise financial reporting quality and reliability. Others recognize the additional risks that work-from-home and COVID-19-related financial distress are causing, leading them to upgrade their assurance level to help prevent and detect potential fraud and financial misstatement schemes. When deciding what’s appropriate for your company, it’s important to factor in the needs of creditors or investors, as well as the size, complexity
External audits offer many benefits to nonprofits
Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended. These audits can provide assurance to donors and other stakeholders that your organization is operating with integrity and within acceptable accounting guidelines. Internal audits Most nonprofits conduct internal audits on a regular basis, perhaps quarterly or annually. These audits are typically performed by a board member or a member of the organization’s staff. The objective is to review the organization’s financial statements, accounting policies and
Is it time to outsource finance and accounting?
Outsourcing may appeal to organizations that are currently struggling with mounting overhead costs during the COVID-19 crisis. By outsourcing, you convert certain fixed overhead costs associated with compensating and supporting employees into variable costs that can be scaled back in an economic downturn — or dialed up in times of growth and transition. One department that’s ripe with outsourcing opportunities is finance and accounting. There are many external providers of such specialized, time-consuming services as payroll processing, tax preparation and bookkeeping. You can even outsource your controller or CFO function. But do the benefits of outsourcing these tasks outweigh the
IRS addresses CARES Act relief for retirement plan distributions and loans
The IRS recently issued frequently asked questions (FAQs) regarding retirement plan distribution and loan relief under the Coronavirus Aid, Relief and Economic Security (CARES) Act. This relief applies to qualified individuals affected by the novel coronavirus (COVID-19) pandemic. It expanded distribution options and favorable tax treatment, increased plan loan limits and delayed repayment of outstanding plan loans. The FAQs explain that the IRS plans to release further guidance under Internal Revenue Code Section 2202 “in the near future.” It will apply principles originally articulated in Notice 2005-92, which interpreted distribution and loan relief enacted in response to Hurricane Katrina. Meanwhile,
