Jeff Watson Receives ICPAS Distinguished Service Award

Jeff Watson is one of the recipients of the 2018 ICPAS Distinguished Service Award for his work on the ICPAS Accounting Principles Committee. It’s the third time Jeff will be receiving the ICPAS’ distinguished service award (2018, 2011 and 2009) for his work on the Committee. Jeff also completed his term on the AICPA’s Technical […]

Miller Cooper Celebrates Nexia Day 2018

Choosing the theme, “Forming Enduring Relationships,” Miller Cooper celebrated Nexia Day – July 25 – with several events, including volunteer opportunities for our principals and staff, “Jeans for a Week” for donations to Youth Business International and lunch served in the office with a dessert to mark the occasion. Miller Cooper chose “Forming Enduring Relationships” […]

Overview of the Research and Development Tax Credit

The federal government and many states provide tax credits to encourage innovation and job creation. Congress intended to incentivize an increase in research spending beyond what a company would otherwise spend with the Regular Credit (or “Traditional Credit”) in IRC §41 and Research and Experimental Expenditures methodology under IRC §174. The Alternative Simplified Credit (ASC) […]

Accounting for M&A: Business Combination v. Asset Purchase

One common challenge in accounting for a merger or acquisition is how to record the transaction on the buyer’s financial statements. The first step is to determine whether the buyer has acquired a business or simply purchased a group of assets. The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2017-01, Business […]

Daphne McCoy Appointed Secretary/NAWBO Chicago Board Member

Miller Cooper is proud to announce that Miller Cooper principal Daphne McCoy has been appointed as Secretary and Board Member for the National Association of Women Business Owners (NAWBO) Chicago. Ms. McCoy is a Tax Principal for Miller Cooper, working primarily with middle market, closely held businesses and their owners. Her areas of concentration include […]