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Moore Stephens Doeren Mayhew Blog

IRS Releases New Foreign Tax Credit Form (Hint:  It Is Not Just for Corporations)

January 14, 2019

The IRS has released a new Form 1118, “Foreign Tax Credit — Corporations,” and new instructions..

3 Components of Assessing Audit Risk

January 4, 2019

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork...

Is LIFO Right for Your Business?

December 31, 2018

You have choices when it comes to reporting inventory costs. One popular technique — the..

How to Get Control Over Your Overhead Allocations

December 11, 2018

Accurate overhead allocations are essential to understanding financial performance and making..

Percentage of Completion Accounting: TCJA Provides Exception for Some Companies

December 6, 2018

How do you report revenue and expenses from long-term contracts? Some companies that were..

Implementing the New Revenue Recognition Rules

November 28, 2018

For many companies, revenue is one of the largest financial statement accounts. It’s also highly..