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How to spot accounting fraud

ThomsonReuters

However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. A study on the pervasiveness of corporate fraud estimates that in an average year, 41 percent of companies are committing accounting violations, which are less severe than alleged securities fraud.

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S corp vs C corp vs LLC: What’s the difference, and which one is better for your business?

ThomsonReuters

Which is better: a C corp, S corp, or LLC? When is it better to create an LLC instead of a C corp or S corp? New companies can be set up in five different structures: Partnership, Limited Liability Company (LLC), Sole Proprietorship, S Corporation or C Corporation. Which is better, a C corp or S corp or LLC?

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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs). When are S corps taxes due? What IRS tax forms do S corps file?

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What exactly is direct tax?

ThomsonReuters

To help companies better understand the nuances, this article will take a deeper dive into the layers of direct tax and the tools and resources to help firms better serve their clients. It is the estimated amount of income tax that a company is legally expected to pay to the IRS for the current year. What is direct tax?

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The value of audit certification and what it means for tax firms

ThomsonReuters

Driven by the widening range of stakeholders calling for ESG prioritization, an influx of laws and regulations pertaining to ESG, and a rise in ESG investment products, companies are increasingly setting their sights on ESG-related initiatives, such as audit certification. In fact, an article by global management consulting firm McKinsey and Co.,

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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

And about 400 are eagerly trying to find a target company – with hundreds of billions of dollars chasing a finite amount of deals and therefore valuations are sky-high. These standards require companies to assess whether the warrants should be equity or liability classified.

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LLCs, Direct vs. Derivative Claims, and Special Litigation Committees: A Lively Debate

Farrel Fritz

The current issue of The Business Lawyer , a quarterly publication of the ABA’s Business Law Section that rightly bills itself as “the premier business law journal in the country,” features a pair of dueling articles of great interest to scholars, practitioners, and other students of the limited liability company. 1981) and In re Oracle Corp.

Equity 52