News Articles

30

September

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Dramatic Changes to Bank Accounting Guidelines

Abstract:   In a dramatic change to bank accounting guidelines, the FASB recently finalized its long-awaited CECL model for estimating credit losses. This article highlights the most important elements of the new model, including its forward-looking approach (which involves its treatment of covered and PCD assets, as well as its position on estimating losses and accounting … Continued

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26

September

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Alexander Thompson Arnold CPA Is Again Recognized Nationally by INSIDE Public Accounting’s as a Top 200 Accounting Firm

The award-winning newsletter for the accounting profession, INSIDE Public Accounting (IPA), released its annual ranking of the nation’s 300 largest accounting firms. Over 500 accounting firms participated in the twenty sixth annual IPA Survey and Analysis of Firms in 2016, which resulted in Alexander Thompson Arnold being among the National IPA Top 200 list. ATA … Continued

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07

August

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Act soon if you want to help your child buy a home

Act soon if you want to help your child buy a home Mortgage interest rates are still at historically low levels, but they’re expected to go up by year end. So if you’ve been thinking about helping your child — or grandchild — buy a home, consider acting soon. There also are some favorable tax … Continued

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20

July

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How to begin collecting your 2015 tax refund now

How to begin collecting your 2015 tax refund now If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in 2016, why not begin enjoying your “refund” now by reducing your withholdings or estimated tax payments … Continued

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10

July

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Tax impact of the Supreme Court’s same-sex marriage decision

Tax impact of the Supreme Court’s same-sex marriage decision On June 26, 2015, the U.S. Supreme Court ruled that same-sex couples have a constitutional right to marry, making same-sex marriage legal in all 50 states. For federal tax purposes, same-sex married couples were already considered married, under the Court’s 2013 decision in United States v. … Continued

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