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Want to Elect Out of the New IRS Partnership Audit Rules? Here’s How

Want to Elect Out of the New IRS Partnership Audit Rules? Here’s How

Partnerships and partners take note: the IRS has changed the way you are audited, and it may impact your 2018 tax return.

How to Uncover Hidden Assets Before, After a Divorce Filing

How to Uncover Hidden Assets Before, After a Divorce Filing

The first step in completing a divorce is creating a complete financial picture of the individuals involved at the date of community termination.

Monitor 3 Key Metrics to Help Control Your Restaurant’s Prime Costs

Monitor 3 Key Metrics to Help Control Your Restaurant’s Prime Costs

The key to controlling prime costs – cost of goods sold and labor – is to monitor and analyze them on a weekly basis.

Lease Accounting: Prepare Now for New Standard

Lease Accounting: Prepare Now for New Standard

Most private companies are now required to adopt the new ASU 2016-02 lease standard for reporting periods beginning after December 15, 2019.

Ericksen Krentel Welcomes New Team Members

Ericksen Krentel Welcomes New Team Members

Expanding our expertise is a key part of our strategy to provide value-added services. These new team members are crucial to that mission.

Looking to Control Your Restaurant’s Food Costs? Consider Cloud-Based Accounting

Looking to Control Your Restaurant’s Food Costs? Consider Cloud-Based Accounting

Cloud-based accounting can allow a restaurant owner to view these reports a customized online dashboard, which provide detailed information on food costs for the week.