Insights

Revenue recognition for franchisors

Revenue recognition for franchisors

In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.

Pretransaction restructuring

Pretransaction restructuring

Frequently, when buyers and sellers are negotiating transactions, the parties to the transaction want to structure the deal in a manner that suits their business needs. This makes perfect sense. But, sometimes, these negotiations can cause a tax problem to arise– perhaps a tax problem that is not at all obvious.