Larson & Company Offers Insurance Fraud Prevention and Detection Services

Insurance is a major industry designed to protect companies, properties and individuals alike. Unfortunately, insurance fraud can also be an issue that ultimately limits your company’s bottom line. Here at Larson & Company, we understand that insurance fraud and prevention might not be within the immediate scope of focus for your business. To increase your… Read more »

Simplified per-diem rates increase for post-Sept. 30 business travel

The IRS has issued a new notice carrying the “high-low” simplified per-diem rates for post-Sept. 30, 2016 travel. The high-cost area per-diem increases $7, and the low-cost area per-diem increases $4, from the prior simplified per-diems.   Observation: In the past, the IRS supplied the changed per-diem rates in an annual update of a revenue… Read more »

Year-end planning: Make best use of quick writeoffs for capital goods purchases—Part III

Enterprises planning to purchase machinery and equipment during the remainder of this year or early next year should try to accelerate their buying plans, if doing so makes sound business sense. This is the final installment of a 3-part year-end planning article on how businesses may be able to lock in accelerated deductions by buying… Read more »

Year-end planning: Make best use of quick writeoffs for capital goods purchases — Part II

Enterprises planning to purchase machinery and equipment during the remainder of this year or early next year should try to accelerate their buying plans, if doing so makes sound business sense. This is the second installment of a 3-part Special Study on how businesses may be able to lock in accelerated deductions by buying qualifying… Read more »

Year-end planning: Make best use of quick writeoffs for capital goods purchases—Part I

Businesses that want to accelerate year-end deductions by buying machinery and equipment have a formidable array of tax tools to work with this year: generous expensing under Code Sec. 179; an expensing safe harbor under the capitalization regs that has been liberalized for smaller businesses; and 50% bonus first-year depreciation for those eligible new assets… Read more »

Substantial Not-for-Profit Reporting Changes Recently Announced

After years of discussion and debate the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 Not-for-Profit Entities (Topic 958) Presentation of Financial Statements of Not-for-Profit Entities in August 2016. The new standard represents Phase 1 of the project, with no definite time frame for Phase 2.  Here is your summary guide to the… Read more »

IRS and Security Summit Partners Warn of Fake Tax Bill Emails

WASHINGTON — The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. The IRS has received numerous reports around the country of scammers sending a fraudulent version… Read more »

Larson Certified Public Accountants Help Small Businesses in Need of Outsourced Accounting Services

Starting and operating your own small business or entrepreneurial endeavor often calls for you to wear a lot of hats. Ideally, the greatest value to your startup is to spend as many man hours focused on your area of specialization while also minimizing the number of hours you spend in other operational tasks, like taking… Read more »

Recent Updates

Check out the recent updates!

Larson Certified Public Accountants Offer Audit Services to Protect Your Financial Reputation

Being audited by the Internal Revenue Service can have a serious impact on your business. Not only can the penalties and legal fees hurt your bottom line, but it can also result in lost man hours and damage to your professional reputation. Here at Larson CPA we offer an audit defense service that addresses all… Read more »