Phone: 408.293.2401
Fax: 408.293.2886

FASB to Examine Simplifying Tax Provisions

press-release

The Crux The Financial Accounting Standards Board (FASB) recently announced a simplification initiative to reduce the cost and complexity of financial statements without impairing the usefulness to readers. One of the newly added projects relates to income tax accounting. Specifically, FASB directed its staff to draft a proposed Accounting Standards Update (ASU) to address the… Read more »

GoPro, Inc.’s Share Price Surges During IPO Week

gopro

FOR IMMEDIATE RELEASE Contact: Loriza Sasur Loriza@cliftondouglas.com The Security Building 84 South First Street, Third Floor San Jose, California 95113 Phone: 408-293-2401 GoPro, Inc.’s Share Price Surges During IPO Week San Jose, CA — June 30, 2014 — Clifton Douglas announced today that its client, GoPro, Inc. (NYSE: GPRO), closed its first week of trading… Read more »

Texas Franchise Tax Report Due on May 15, 2014

shutterstock_63598153

What’s New Texas Franchise Tax Report Due on May 15, 2014 The Crux Less than a week remains for companies with a Texas filing requirement to submit their 2014 Texas Franchise Tax Report by the May 15, 2014 original due date. Texas provides a six month extension to filers that submit an extension request by… Read more »

New Electronic Foreign Bank Account Report Filing Requirements

press-release

What’s New New Electronic Foreign Bank Account Report Filing Requirements Potential Impact: Medium This year 2013 foreign bank accounts of U.S. persons must be reported electronically via FinCEN Form 114, Reports of Foreign Bank and Financial Accounts, by June 30, 2014. FinCEN Form 114 supersedes the old TD F 90-22.1 (the FBAR form that was… Read more »