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
When is Self-Employment Tax Required for LLC Members?
It is common for limited liability company (LLC) members to claim that their distributive shares, after deducting compensation for services in the form of guaranteed payments, of LLC income are not subject to self-employment (SE) tax. Recently the IRS has been cracking down on these claims and has seen some success in court against LLC members who have underreported SE income.
C Corporation Status Post-TCJA
The Tax Cuts and Jobs Act (TCJA) brought about significant change for C corporations with its 21% federal income tax rate. However, there are still fundamental truths that apply to these corporations that are unchanged.
Accounting Standards Update No. 2018-02
Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Reading time: 1 minute 5 seconds On December 22, 2017, the Tax Cuts and Jobs Act was enacted, reducing the federal income tax … Continued
5 Tips for Successful ERM Implementation
When it comes to life, business or sports the formula for success includes minimizing risk. Identifying, managing and resolving risk is essential whether selecting a career, investing in a business opportunity or choosing a new business partner. The same applies to managing risk at an insurance company.