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
Long-Awaited Cloud Computing Expense Guidance
In August, the Financial Accounting Standards Board (FASB) published Accounting Standards Update (ASU) No. 2018-15, Intangibles -- Goodwill and Other -- Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.
Tax Reform Increases Costs Segregation Benefits
Cost segregation studies could be useful to businesses who have acquired, constructed, or substantially improved a building. A cost segregation study can allow a company to accelerate depreciation deductions, which in turn reduces taxes and boosts cash flow. Under new policies in the Tax Cuts and Jobs Act (TCJA), the potential benefits have increased due to certain depreciation-related tax breaks.
Top Enterprise Risk Management Misconceptions
When it comes to Enterprise Risk Management (ERM), many believe the effort needed to gain buy-in, implement and manage, outweigh the potential benefits. While it can be challenging, the benefits to the organization are substantial and continue to grow as the program is refined and optimized. Perception is often reality, and there are several misconceptions about ERM that tend to dissuade insurance companies from considering this increasingly important management strategy.
Evaluating Your Insurance Company Auditor
An audit is often viewed as a compliance exercise that doesn’t offer much value to management other than satisfying a reporting requirement. A proper audit process is often described as one that was completed on time and with few surprises. A bad audit process breeds the mentality that the audit is to be tolerated, endured and celebrated when finally finished.