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A healthcare services practitioner recently assigned compliance duties needs to conduct a gap analysis and guide the organization through an SSAE 16 audit. The individual is asking whether there are consultants who can cover both compliance and SSAE 16 areas.

A U.S. parent company has an international subsidiary that is solely responsible for local employee salaries and benefits, generates no revenue, and operates under a cost-plus agreement with the parent. Based on this scenario, this article outlines the accounting entries for the cost-plus agreement at the U.S. parent and consolidated reporting levels, and highlights key accounting considerations.

In a minority business accelerator course, a case involving payment for intellectual property acquisition with LLC partnership interests sparked intense discussion among financial professionals. This article outlines two main approaches: full recognition of income versus recognition of only actual cash, and analyzes their tax consequences.

A Proformative community user seeks feedback and advice on entering the Chinese market through a Hong Kong entity, emphasizing privacy protection and welcoming anonymous or offline communication.

A customer provides a small amount of free labor services to its clients, and has recognized a liability and corresponding expense for the undelivered portion as promised. When the services are actually provided, the liability decreases, but should the expense be reversed? Since there is no receipt, how should the other side of the entry be handled? This article provides a professional analysis.

A fee-only financial advisor (already holding an Enrolled Agent certification) is considering adding tax preparation to their services and seeks the best way to gain experience, including whether to join a chain like H&R Block or Liberty for a season.

Recent remarks by Yellen have sparked heated market debate, but beyond divergent opinions, few actual contingency plans have been disclosed. This article analyzes industry concerns about growth prospects, while noting the low probability of policy changes ahead of the election season and holidays, and calls on institutions to prepare contingency plans in advance.

Based on a specific business scenario, this article discusses the accounting treatment when Company A sells its spare parts inventory to Company B at book value, with an agreement to repurchase the remaining inventory after five years at a price increasing by 10% annually. It covers the recognition and measurement in Company A's books at initial sale, during the holding period, and at repurchase, and points out the need to assess whether it constitutes a sale-and-repurchase financing arrangement under IFRS or CAS.

This article analyzes whether a cash-basis C-Corp, under an IP transfer agreement, purchasing custom software with payments spread over 5 years, while the software is fully depreciated within 3 years and payments occur after the depreciation period, incurs a tax liability.

Regarding whether companies should mandate employees to submit boarding passes as additional control during expense reimbursement, this article analyzes from the perspectives of control intensity, employee burden, and operational feasibility, and provides balanced recommendations.