by Kernutt Stokes | Feb 14, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 1
The biggest question on Wall Street is whether the Trump Presidency will be good (or bad) for investors. The year started with confidence as the Dow Jones Industrial Average overtook the 20,000 mark, but many questions remain on how President Trump will address...
by Kernutt Stokes | Feb 14, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 1
By: Matthew Diment Lease accounting has never been most people’s favorite accounting topic, but the Financial Accounting Standards Board (FASB) has recently upped the complexity with a new wrinkle to the existing treatment of leases. While this new guidance is not...
by Kernutt Stokes | Feb 14, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 1
Once considered a last resort for entity choice, C corporations deserve reconsideration, especially surrounding the dreaded double taxation issue. Double taxation refers to the two levels of taxation that C corporation income goes through. First, the income is taxed...
by Kernutt Stokes | Feb 14, 2017 | The Kernutt Stokes Advisor, Volume 2 Issue 1
By John Mlynczyk So Aunt Sally passed away this year and you received word from the executor that you are a beneficiary of her estate. Will your inheritance be taxable? The short answer to this question is “it depends.” Inherited assets may be subject to an estate...
