The Ledger Collection: June 2016

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Be Visible featuring Gina Omolon

Hear what Gina Omolon has to say about the firm’s culture and the challenges she faces balancing being a leader and the roles of being an auditor, mother, and wife. Find out what words of advice she offers to future leaders on being successful.

The Future of our Firm

Learn more about WeiserMazars and the future of our firm from our very own Chairman and CEO, Victor Wahba, and Managing Partner, Jim Blake.

Going Concern Issues and Update

Financial statement preparation under GAAP includes the presumption that the reporting entity will continue as a going concern unless and until that entity’s liquidation becomes imminent. This is referred to as the going concern basis of accounting.

Mortgage Deduction and Limitations for Individual Taxpayers

One of the most valued itemized deductions available to individual taxpayers is the mortgage interest deduction. The potential deductibility of mortgage interest is one reason why owning a home may be a financially better move then renting. However, when determining the deductibility of mortgage interest, one must be mindful of the various requirements and limitations.