On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (FFCRA). Employers with fewer than 500 employees will be required to provide emergency paid sick leave and family leave to employees affected by COVID-19. The new law is effective April 1, 2020 through December 31, 2020. … Continue reading... about Families First Coronavirus Response Act (FFCRA)
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The Coronavirus Aid, Relief, and Economic Security (CARES) Act
On March 27, 2020 President Trump signed this relief package aiming to boost the economy with over $2 trillion in relief. With much funding going towards hospitals, testing, and transportation, individuals and businesses will feel the relief as well. We are attempting to summarize some of the key provisions … Continue reading... about The Coronavirus Aid, Relief, and Economic Security (CARES) Act
Rivero, Gordimer & Company’s Jill McSpadden Nominated for FICPA Women to Watch Award
Rivero, Gordimer & Company (RGCO), CPAs and Advisors, is pleased to announce that tax supervisor Jill McSpadden, CPA has been nominated for the Florida Institute of CPA’s (FICPA) Women to Watch award in the Emerging Leaders category. McSpadden was nominated for this award because of her demonstration of … Continue reading... about Rivero, Gordimer & Company’s Jill McSpadden Nominated for FICPA Women to Watch Award
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Important COVID-19 (Coronavirus) Update
3/17/2020 - By Rivero, Gordimer & Company As we learn more about the evolution and impact of COVID-19 (Coronavirus), we want to assure our … Continue reading... about Important COVID-19 (Coronavirus) Update
Rivero, Gordimer & Company Announces New Shareholder and Promotions
January 15, 2020 – Tampa, FL. Rivero, Gordimer & Company (RGCO), CPAs and Advisors, is pleased to announce the promotion of David M. … Continue reading... about Rivero, Gordimer & Company Announces New Shareholder and Promotions
Selling Your Business? Are Your Earnings “Quality Earnings”?
By C. Brett Cooper, CPA•ABV, ASA•BV/IA, BVAL, CRFAC We hear there’s a common saying in courtroom proceedings that a lawyer should never ask a witness a question unless they already know the answer. We suggest that the same basic concept applies to your business when you place it on the market for sale. The following […]
Key 2020 Tax Figures
Tax filing season is upon us. The IRS will start accepting 2019 electronically filed returns on January 27. Let us know if you need help or have any questions regarding 2019 filings. Also, keep in mind the new 2020 key figures and limits recently released by the IRS. Here is a breakdown: 2020 Retirement Planning […]
Accounting for Internal-Use Software Development Costs
Author: RGCO Technology Committee Understanding the accounting treatment for internal-use software development costs can be confusing. To help alleviate this confusion, we have summarized the requirements and accounting treatment presented in Accounting Standards Codification (ASC) 350-40: Internal-Use Software. First, we need to identify what is considered to be internal-use software. Computer software is considered to […]
8 Construction Tax Tips to Start the New Year Off Right
179D tax deduction is almost back – This tax deduction expired a few years ago, but as of the writing of this article, appears to be back and will be retroactive to 2018. This allows energy-efficient building improvements or new building construction an up to $1.80 per square foot deduction. Architects and engineers that design […]
Trucking Industry Fiscal Planning: Some Fundamentals to Remember Entering 2020
By: Rivero, Gordimer & Company, P.A. Trucking Committee (Kevin Bass, Mike Helton, Kevin Labau) As a CPA firm, we see many types of businesses and industries, including our own, worry about what the future holds with regards to the impact of technology, workforce needs and wants, rising costs, and customer loyalty. The trucking industry is […]
New Tax Law Signed
Authors: Melanie O’Hara and David Bohnsack Congress has passed, and the President has signed, a year-end appropriations bill called the Further Consolidated Appropriations Act, 2020 (H.R. 1865) (“the Act”) that includes tax law changes for retirement savings and Kiddie Tax updates and addresses tax extenders that had lapsed in 2019. While there are many provisions […]