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TSCPA’s New Website Wins Two Awards

TSCPA’s new website has been honored with two awards that recognize excellence in website design on both a national and international level. The website, which was completed in October 2016, won the IMA Outstanding Achievement award bestowed by the Interactive Media Council (IMA) and the Bronze Horizon Interactive Award in the banking/finance category.

The Outstanding Achievement award is the second highest honor bestowed by IMA and is an extremely challenging award to win. The TSCPA website was found to excel in most areas and is representative of a very high standard of planning, execution and overall professionalism.

The Horizon Interactive Award recognizes and awards the best websites, videos, online advertising, print media and mobile applications. The Horizon Interactive Awards receive thousands of entries from all over the world annually and is judged by a volunteer panel of industry professionals.

Business Valuation

Exit Planning

By Baria Jaroudi, CPA/ABV, CBA, CVA

Selling and exiting a business is a process, not an event. It is crucial for business owners to realize that the sale process, from building an advisory team to preparing the business for sale, to exiting the business and transitioning to a new owner, can take more than a year. Planning ahead can increase the likelihood of maximizing the business value and ensuring a successful transition. Read more.

Taxes

Guide to Bond Premium & Market Discount

By Corey Junk, Carol Warley, and Stefan Gottschalk, RSM US LLP | March 2017

For taxpayers who purchase bonds or other debt instruments (“Bonds”), the Tax Code may require adjustments to ordinary interest income. This guide addresses two types of adjustments – bond premium and market discount.

Where they apply, the bond premium and market discount rules affect the characterization of Bond holders’ income as capital or ordinary, as well as the timing of certain ordinary interest income. Both the bond premium and market discount rules generally affect the amount of gain or loss and ordinary income recognized upon sale or disposition of a Bond. Bond premium adjustments to interest income may also apply while the taxpayer holds a Bond. Download the Guide. (.PDF)