All posts by Jessica Dispensa

TAX TIDBIT: TAX IDENTITY THEFT

In this face paced electronic world, it can be easy for unscrupulous people to use stolen Social Security numbers, to file tax returns claiming a fraudulent tax refund.  If you tried to electronically file your tax return and found out that someone had already electronically filed a tax return, with your social security number, you Read More…

NONPROFIT – OTHER ITEMS OF NOTE (SPRING 2015)

Issuance of Uniform Guidance On December 19, 2014, the joint interim final rule was issued by the Office of Management and Budget (OMB) implementing the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (Uniform Guidance) in the Federal Register. This joint interim final rule incorporates the implementing regulations Read More…

TAX TIDBIT: LIKE-KIND EXCHANGES

Taxpayers pay a tax when they sell their business or investment property, and realize a gain on the sale.  However, if the property is exchanged for “like-kind” business or investment property, the gain on the sale of the property will be deferred. Like-kind property is defined broadly.  Exchanging a rental property for another rental property, Read More…

ED KUROWICKI COMPLETES CERTIFICATE PROGRAM IN GOVERNMENT FINANCIAL MANAGEMENT

Edward J. Kurowicki, MBA, CPA/CFF, CVA, managing partner of Bedard, Kurowicki & Co., CPA’s (BKC) of Flemington, NJ has successfully completed the Certificate Program in Government Financial Management from Rutgers Business School – Graduate Division and the Department of Accounting and Information Systems. Ed founded Bedard, Kurowicki & Co., CPA’s, PC in 1992.  Ed has Read More…

QUICKBOOKS FOR LAW FIRMS

If you ask most business owners, “what software do you use to run your business”, the answer will be QuickBooks.  The Desktop Version of QuickBooks is currently being used by thousands of small law firms.  QuickBooks offers a Professional Services version of this popular software. Law firms require special handling of Client Trust Funds and Read More…

NORMALIZATION ADJUSTMENTS, ONE STEP IN THE VALUATION PROCESS

Normalization adjustments are unique to business valuation engagements.  It is not uncommon for the valuator to make normalization adjustments.  Normalization adjustments are intended to change certain financial data of a subject business to make the historical financial operations look like normal conditions so as to be on a consistent basis with comparable companies and what Read More…