MHM


Providing accounting and auditing
services since 1954

A member of Kreston International | A global network of independent accounting firms

Search
You are here:  News
News and Publications from MHM

Top 5 Accounting Issues Related to Tax Reform

Jan. 2, 2018

President Trump signed the tax reform bill Dec. 22, 2017, which is the date of enactment. Financial statements with balance sheets on or after this date will disclose information about the tax law change and recognize the impact of the new tax law on deferred taxes. Financial statements with balance sheets prior to that date will disclose the effect of the change in tax law if it is material to the financial statements, but will not recognize any changes. All SEC registrants should also consider discussion of the change in their management discussion and analysis (MD&A).

These are the top five issues to be dealt with in preparing Dec. 31, 2017 financial statements:

blog comments powered by Disqus
Print
Category

Categories

Share This Page

Share:

About MHM   |   Locations   |   Services   |   Industries   |   News   |   Resources   |   Our People   |   Contact

Home  |   Locations   |  Careers   |  Contact   |  Client Portal