Industry FocusOur firm has specialization in serving companies in a number of key industries including insurance, nonprofits, construction, manufacturing, SEC registered companies and professional athletes. Learn more about JLK Rosenberger and discover why so many across California and Texas have entrusted us with their audit, tax, consulting and business advisory needs.
News & Updates
Filing Deadline Changes for 2016 Filing Season
For the 2016 tax reporting year (2017 filing deadlines) there are several changes to tax filing and form distribution deadlines. The good news is that the well-known April 15th deadline for individual tax returns will stay the same.
Beware of Income-Based Limits on Itemized Deductions and Personal Exemptions
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and the personal exemption phaseout.
GAAP Update for Insurance Companies
JLK Rosenberger recently presented an update on GAAP at the California Regional IASA conference on December 1, 2016. This post includes some useful practice aids for implementing Accounting Standards Updates (ASUs) particularly ASU 2015-09 Insurance Disclosures about Short-Duration Contracts.
SAP vs. GAAP: Income Statement Overview
Which is more important, a company’s current assets and liabilities or how it has been operating? The answer is: it depends on who is asking. Every industry has a given set of principles that define how financial transactions should be accounted for in financial statements. The Generally Accepted Accounting Principles (GAAP) framework is designed for multiple users and highlights financial performance over time...