Public Company Accounting after the Sarbanes-Oxley Act

L J Soldinger Associates pic

L J Soldinger Associates
Image: soldinger.com

With over three decades of experience in transactional accounting, Larry Soldinger is knowledgeable in a wide range of specialty areas. Through LJ Soldinger and Associates, where he serves as managing partner, Larry Soldinger provides services such as tax planning, mergers and acquisitions, business consulting, accounting and assurance, and public company services. LJ Soldinger and Associates is one of the few mid-size accounting firms qualified to provide public company services.

Working with an accounting firm well versed in public company compliance and accounting can be beneficial for corporations, particularly after the passage of the Sarbanes-Oxley Act in 2002. This act reformed financial disclosures in order to reduce incidences of fraudulent accounting. As companies work to ensure that the standards set forth in the Sarbanes-Oxley Act are met, using an accounting firm that is well acquainted with the requirements of the act can streamline the process of compliance and make sure that all the provisions are met.

The Junior League Program at Kemper Lakes Country Club

Kemper Lakes Country Club pic

Kemper Lakes Country Club
Image: kemperlakesgolf.com

Larry Soldinger earned a bachelor’s of business arts degrees in accounting and finance from the University of Wisconsin-Madison in 1970 and began his accounting career in 1973. He founded L J Soldinger Associates in 1989 and has spent the last 27 years evaluating companies, negotiating and structuring transactions, and obtaining funding for clients. Dedicated to his firm, Larry Soldinger also finds time for recreation: as a member of both Kemper Lakes Country Club and Twin Orchard Country Club, he enjoys golf as a pastime.

Kemper Lakes Country Club is located in Kildeer, Illinois and has been a host to some of the greatest golfers in the world including being host to the Women’s PGA Championships in 2018. The club also features the Junior Program for young golfers. Using the PGA Junior League as a model, staff at Kemper Lakes teach instructional golf programs to introduce the fundamentals of golfing to youngsters while promoting a fun atmosphere.

PGA Junior League Golf is set up similar to little league baseball. Boys and girls aged 13 and under compete in a structured team environment during a six-week season; the goal of this program is to spark an enduring interest in golf among young people.

Best Blues Bars in Chicago

Blue Chicago pic

Blue Chicago
Image: bluechicago.com

Based in Deer Park, Illinois, Larry Soldinger is the managing partner of LJ Soldinger Associates, where he has worked since 1989. In his free time, Larry Soldinger enjoys attending Chicago blues performances, with a preference for Vance Guitar Kelly and his Backstreet Blues Band.

Chicago is known as the home of blues greats including Muddy Waters and Bo Diddley. To this day, Chicago attracts some of the biggest names in blues, and there are many clubs dedicated to the genre.

One especially popular club is Blue Chicago, a world-renowned venue that has been presenting authentic blues artists since 1985. Located in the River North entertainment district, the club promises high-energy performances and has lately focused on female vocalists such as Shirley Johnson and Claudette Miller.

Blues enthusiasts should also visit B.L.U.E.S., which has been voted the best blues club on the city’s North Side. Patrons enjoy good music in an intimate environment that welcomes a roster of mostly local artists, including Vance Guitar Kelly and Pistol Pete.

Other great blues bars in Chicago include Buddy Guy’s Legends, Kingston Mines, and Rosa’s Lounge.

Top Michelin-Starred Restaurants in Europe

Anna Stuben Gourmet Restaurant pic

Anna Stuben Gourmet Restaurant
Image: gardena.it

Since 1989, Larry Soldinger has served as managing partner of LJ Soldinger Associates, where he works with businesses on tax planning and preparation and other financial considerations. When not working, Larry Soldinger enjoys traveling the world and searching out Michelin-rated restaurants in Europe.

There are many Michelin-starred restaurants from which to choose. The following are three of the best, as selected by Conde Nast.

1. Anna Stuben Gourmet Restaurant at Hotel Gardena Grodnerhof, Trentino: A South Tyrolean lodge, Italy’s Hotel Gardena Grodnerhof offers a stunning menu at the Anna Stuben Gourmet Restaurant, which draws on high-quality local ingredients and pairs them with wines as suggested by expert sommelier Franz Lageder.

2. Largo do Paco Restaurant at Casa da Calcada, Amarante: Located in the center of Amarante, Portugal, Largo do Paco Restaurant offers a menu created by the chef each day, drawing on the freshest ingredients available in the market to highlight a Portuguese style that balances contemporary and traditional.

3. La Magnolia at Hotel Byron, Florence: Offering a constantly evolving menu, La Magnolia restaurant sources fresh, local ingredients to showcase the Tuscan flavors with both creativity and flair.

2016 IRS Mileage Rates Decrease

IRS pic

IRS
Image: smallbiztrends.com

Larry Soldinger is a managing partner and the founder of LJ Soldinger Associates, an accounting and tax firm. Larry Soldinger helps clients file their tax returns and navigate new IRS rules and changes to the tax code.

One change coming in 2016 is a decrease in the official mileage rates the IRS will allow taxpayers, who can deduct mileage when they use a vehicle for business, medical, or charitable purposes or when moving. The rate in 2016 is 54 cents per mile when a car is driven for business. However, this is a decrease of 3.5 cents per mile from the rate in 2015.

According to the IRS, the rates are based on an independent third-party study of the overall cost of vehicle operation. While many people are disappointed, it comes as no surprise that the mileage rate has decreased. This is because the rate should reflect a decrease in gas prices.

There are many contingencies regarding mileage deductions. It is important to consult a tax professional, like those at LJ Soldinger Associates.

London’s Michelin-Rated Alain Ducasse at the Dorchester

Alain Ducasse at the Dorchester  pic

Alain Ducasse at the Dorchester
Image: alainducasse-dorchester.com

Larry Soldinger is a respected business consultant and accountant with more than two decades of experience leading L J Soldinger Associates. Larry Soldinger has a passion for fine dining and traveling and enjoys seeking out Michelin-rated restaurants in Europe. Boasting more than a dozen restaurants that have received Michelin stars, London is a fertile ground for the gastronomically inclined.

Two noted London establishments have achieved a perfect three-star rating: Gordon Ramsey’s flagship location and Alain Ducasse at the Dorchester. The latter restaurant features a restrained, traditional approach to fine dining. French favorites, from truffled chicken quenelles to foie gras, dominate the menu. A nod is made to British cuisine through menu items featuring premium local ingredients such as Denbighshire pork and Dorset crab.

A perennial favorite is the Cookpot, a trademarked pastry-enclosed casserole that features the season’s freshest ingredients. In the winter months, these might be apple, butternut squash, and Montgomery cheddar. In the summer comté cheese and greens such as asparagus predominate.

Factors in Forming International Mergers and Acquisitions

L J Soldinger Associates pic

L J Soldinger Associates
Image: soldinger.com

Larry Soldinger leads the certified public accounting firm L J Soldinger Associates and provides clients with strategies in the corporate planning and budgeting spheres. Larry Soldinger has extensive experience in tax matters and assists clients in complex mergers and acquisitions (M&A). One of the major considerations in any M&A undertaking is whether the transaction is international or domestic.

M&As that span country borders require an extensive due diligence and data collection process, which is necessary to ensure compliance with multiple countries’ regulations for international business. Risk factors range from differences in labor laws to health benefits and pension plans, as well as employment security regulations. In addition, there are cultural and societal factors to be considered in ensuring a seamless integration of diverse workforces.

Global companies that already have a subsidiary presence in the country have an inbuilt advantage, through first-hand operational experience. However, even if the subsidiary’s role in the M&A has been clearly defined in advance, there is considerable coordination and planning to perform. With any international M&A on the horizon, it makes sense to consult with a well-qualified advisor.