Revenue Recognition Changes for Professional Service Companies
Posted by Katie Faysal on October 11, 2019
Katie Faysal
While many professional service companies have completed their analyses and made updates to track data in accordance with the new standard, some are still in the process and playing catch-up. For those that still need to implement the standard, consider these key areas that are likely to impact professional service companies.
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Wayfair: A Year Later
Posted by Sue Tuson on October 1, 2019
It’s been over a year since the US Supreme Court’s ruling in South Dakota v Wayfair[1]overturned the long-standing physical presence standard for imposing a sales and use tax collection responsibility. Wayfair overturned the requirement for a physical presence in a state that was established in the 1992 case, Quill Corporation v North Dakota[2].
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Honored to be Named Best & Brightest
Posted by Robert Dutkiewicz on September 30, 2019
It gives me great pleasure to announce that Clayton & McKervey has been recognized for the 15th year in a row, as one of the Metro Detroit’s 2019 Best & Brightest Companies To Work For. This is a very special recognition to the shareholders since this recognition is from our staff, and it compares our company and culture to our peers and other companies in our marketplace.
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‘Your Company’s Financial Health in an Industry 4.0 World’
Posted by Clayton & McKervey on September 26, 2019
Clayton & McKervey will present a Tech Takeover on ‘Your Company’s Financial Health in an Industry 4.0 World’ on Wednesday, October 16, 2019, at Automation Alley in Troy. The presentation will help manufacturers and system integrators better understand the financial health of their businesses in an era of advanced manufacturing and emerging Industry 4.0 technologies.
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Considering Expanding to Mexico? Keep an Eye on Duties and Taxes!
Posted by Carlos Calderon on September 23, 2019
Taxes are a hot topic that should be discussed and planned early in an expansion decision due to the significant impacts on a business. In fact, the ideal time to consider taxes is the moment a cash flow projection is created and when the business structure and plan are outlined
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Firm Earns Walsh College Leadership Award
Posted by Clayton & McKervey on September 18, 2019
Clayton & McKervey announced it is one of the honored recipients of the 2019 Walsh College Foundation Leadership Awards. The annual Leadership Awards Dinner recognizes business and community leaders, distinguished alumni, and individuals who have demonstrated exceptional service to Walsh College.
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US Tax Treaty Updates Japan and Spain
Posted by Sue Tuson on September 9, 2019
Long-awaited treaty protocols, signed in 2013, were finally ratified in July 2019. The protocol with Japan entered into force on August 30, 2019, provides amendments to the 2003 tax treaty. The protocol with Spain is due to enter into force on November 27, 2019, and provides for the amendments to the 1990 treaty.
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Lives Remodeled
Posted by Robert Dutkiewicz on September 3, 2019
Earlier this month, my colleagues and I spent the better part of a day in hard work, enduring bee bites, getting nicked and cut, developing sore backs and knees and, when it was all said and done, we all were covered from head to toe in dirt and grime.
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15 Years on 101 Best and Brightest Companies to Work For List
Posted by Robert Dutkiewicz on August 29, 2019
Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, announced it has been named one of Metropolitan Detroit’s 101 Best & Brightest Companies to Work For®.
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US Reporting of Foreign Subsidiaries
Posted by Sue Tuson and Teresa Gordon on August 28, 2019
The IRS continues to increase scrutiny of the reporting requirements applicable to foreign persons and U.S. companies with foreign transactions. It is important to fully understand these U.S. obligations because failure to report...
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