What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

October 1, 2018

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

What is ASC 606: Revenue from Contracts with Customers? In an effort to standardize how companies and industries recognize revenue, the FASB’s…

New Reporting Standard for Not-for-Profit Entities

September 20, 2018

New Reporting Standard for Not-for-Profit Entities

A new standard has been released for not-for-profit entities on August 18, 2016 (ASU 2016-14, Not-for-Profit Entities (Topic 958). The changes are…

Form 5500 Extended Filing Deadline is Fast Approaching!

September 6, 2018

Form 5500 Extended Filing Deadline is Fast Approaching!

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 15th.…

Have You Done a Paycheck Check-up?

August 29, 2018

Have You Done a Paycheck Check-up?

The IRS is advising taxpayers to perform a “paycheck checkup” to avoid any surprises when they file their 2018 tax returns. This…

What Do You Do with Tax Information Received After You’ve Filed?

August 23, 2018

What Do You Do with Tax Information Received After You’ve Filed?

You filed your tax return before the April 15th deadline and you assume you’re all done for the year. After that point,…

Will Blockchain Technology Upend the Accounting World?

August 15, 2018

Will Blockchain Technology Upend the Accounting World?

The following post is authored by Greg Douglas, CPA. Almost a week hasn’t gone by over the past few years or so…

Tax Benefits of Having Children

August 3, 2018

Tax Benefits of Having Children

Every parent knows that raising a child comes with many joys and difficulties. Those sleepless nights become a distant memory as you…

Social Security Benefits: When Should I Claim?

July 25, 2018

Social Security Benefits: When Should I Claim?

Contributed by Garrett Kerr, CPA My parents recently hit lucky number 62 and with it came questions about social security. A couple…

IRS Drafting New Version of Form 1040

July 11, 2018

IRS Drafting New Version of Form 1040

To go along with the recent tax reform, the IRS is currently drafting a new version of the Form 1040. What exactly…

Recent Promotions

July 2, 2018

Recent Promotions

Martin Hood is pleased to announce the following promotions at the firm: Dae Kang, Bryan James Dae Kang, pictured left, has been…