A self-liquidating loan is a form of short- or intermediate-term credit that is repaid with money generated by the assets it is used to purchase.
The repayment schedule and maturity of a self-liquidating loan are designed to coincide with the timing of the assets’ income generation.
ICC’s Financial Investigation Bureau (FIB) is closely monitoring a sophisticated global advance fee fraud scam that targets companies facing financial difficulties.
To date, at least five companies are known to have lost significant sums of money to this operation, and it is estimated that at least another three victims will face a similar fate.
In some cases, the companies targeted had been seeking several million dollars in loans.
529 accounts *Survival of personal AMT and repeal of corporate AMT *Estate and gift tax *New limitations on business losses *New depreciation rules and §179 expensing *Business interest *Modification of NOL rules *New credit for employer-paid family and medical leave *Repatriation of foreign funds*Using the Add Text tool in Adobe Reader DC to fill scanned paper forms*Unlocking PDF forms with the Microsoft XPS Document Writer *Creating click-and-fill PDF forms using the Prepare Form tools*Automatically collecting form responses in an Excel workbook* Developments in hardware and emerging trends * Microsoft Windows 10 and Office 2016 * Security update -- a new day, with new risks * Mobility update -- best practices for taking it with you* Virtualization and what it can mean to your organization*The Cloud and where it belongs in your organization*Reduction in individual and corporate tax rates *Taxation of pass-through entities *Deduction of home mortgage interest *State and local tax deductions *New alimony rules *Repeal of the Obamacare individual mandate *Standard deduction and itemized deductions *Child tax credit *Use of Sec.529 accounts *Survival of personal AMT and repeal of corporate AMT *Estate and gift tax *New limitations on business losses *New depreciation rules and §179 expensing *Business interest *Modification of NOL rules *New credit for employer-paid family and medical leave *Repatriation of foreign funds*Differences between planning and budgeting *The business model *Strategic plan, marketing plan, and technology plan *Financial forecasting and financial risk analysis *Five-year operating plan and the sales/income plan *Intermediate planning and capital equipment planning *One-year operating plan and monthly planning *Cash plan and risk plan* Form 709: gift tax reporting; the effect of the lifetime exclusion * Present interest versus future interest * The annual exclusion, what qualifies and how is it calculated * When are consenting spouses not required to file Form 709 * What gifts are excluded from gift tax reporting * Adequate disclosure requirements and the statute of limitations * Proper gift tax reporting of front-end loaded 529 qualified tuition plans * The inclusion of up-to-date revised forms and references * Calculation of unified credit and prior years credit re-calculation * Calculation of additional credit for decedent spouses unused exemption (DSUE)* 'Little GAAP' * New U.Self-liquidating loans are not always a good credit choice.For example, they do not make sense for fixed assets, such as real estate, or depreciable assets, such as machinery.*Can one incident of harassment or offensive behavior constitute sexual harassment?* Private company standard setting activities * Recently issued FASB Accounting Standards Updates * Revenue recognition * Leases * Financial instruments * Recently issued SASs and other AICPA activity * SSARS No.21, Clarification and Recodification * Attestation matters on the radar * Other important A&A practice matters* Cases, rulings, and tax law changes affecting S corporations * Compensation planning in S corporations, including limitations in a family-controlled business; self-employment tax issues * Use of redemptions: still some advantages * Planning for the liquidation of an S corporation * Tax issues for family ownership of S corporation stock * Impact of the tax on net investment income on sales of S corporation stock * Stock basis: Loss limitations, AAA, and distribution issues in depth * Debt basis: what the regulations on back-to-back loans mean to investors * Estate planning for S corporation shareholders, including buy-sell agreements, QSubs, ESBTs, and uses of life insurance * Built-in gains: the 5-year recognition period is permanent * S corporation structuring: one class of stock * Methods of accounting * New legislation on mortgage interest reporting, basis, statute of limitations, and tax return due dates* FRF for SMEs T * SSARS No.* Fraud's cost: ACFE's Report to the Nations; Ancillary costs * Current economy: Microeconomics; Analyses * COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment * Power of morale: Shrink the fraud triangle; Motivation * Why good folks go bad: What studies indicate; Five interesting findings; Red flags* Who is a tax practitioner?
21, Clarification and Recodification and other recently issued SSARS *SSAE No.18 and other attestation matters *Other important A&A practice matters*Using the Camera to link or embed formatted Excel tables or reports into Word or Power Point *Linking individual data cells from Excel into Word text *Pasting and linking report text from Word into Excel *Embedding Excel analysis in Word documents or Power Point presentations *Using hyperlinks to link text in Word or Power Point to underlying analysis in Excel *Embedding Pivot Tables into Power Point presentations*Creating a positive work environment *Understand various types of harassment in the workplace *Define protected classes and legal issues *Differentiate between bullying and harassment *Recognize signs of discrimination *Identify what training is right for your organization *Establish employer policies and complaint process *Define manager responsibilities and potential liability*Overview of Quick Books Online vs.