Tag Archives: taxes

LIFO vs. FIFO: Choosing the Right Inventory Valuation Method

Arthur F. Rothberg, Managing Director, CFO Edge, LLC Choosing the right inventory method – LIFO vs. FIFO – is a critical inventory management decision for manufacturers, wholesalers and retailers. The significance of choosing Last-In, First-Out (LIFO) accounting or First-In, First-Out … Continue reading

Posted in Accounting Systems Design, CFO Services, Inventory Management, Los Angeles | Tagged , , , , , , , , , , , | Leave a comment

How the Variable Interest Entity Proposal Could Benefit Businesses

For years, business leaders have used a simple strategy to save on taxes: creation of a separate company to purchase the real estate and then lease it to the operating company. The separate company is known as a variable interest … Continue reading

Posted in CFO Services, Cost Cutting Strategies, Financial Strategy, Tax Code | Tagged , , , , , , , , , , | Leave a comment

SALT: What You Should Know About State and Local Tax Payments

Companies that conduct business in multiple states may be required to pay state and local taxes (SALT), but many often aren’t aware of this obligation. Whether or not a company must pay SALT is determined by a concept called “nexus” … Continue reading

Posted in Financial Strategy, State & Local Taxes (SALT), Tax Code, Tax Compliance | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Wealth Preservation: Protecting Your Assets in Today’s Economy

Many CFOs are often asked for financial guidance in personal wealth matters by fellow C-level executives. In support of these requests for information, this article addresses wealth preservation and ways that forward-thinking executives can protect their assets and better prepare … Continue reading

Posted in Wealth Preservation | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

The Byzantine U.S. Tax Code

Take a look at these quotes from press releases and statements made by members of Congress concerning the U.S. tax code (www.house.gov): “The Internal Revenue Code and regulations add up to one million words…nearly seven times the length of the … Continue reading

Posted in Tax Code | Tagged , , , , , , , , , , , | Leave a comment