Blog

Cook CPA Group

Navigating the New Revenue Recognition Guidance

Feeling overwhelmed by the new revenue recognition guidance? You’re not alone! The new revenue recognition pronouncement, known as ASC 606, was issued by the Financial Accounting Standards Board (FASB) to help clarify how, when and why of revenue. The ultimate goal of...

Can Humans Enjoy the Dog Days of Summer?

Arf! Arf! It’s me, Brennan, the office curator. I’m back at Cook CPA for the summer, writing my blog to give the best advice a dog can. One thing I have noticed about my owner and her associates is that they are very busy during tax season. Many of our clients who are...

What is the Purpose of Bank Reconciliations in California?

The term “bank reconciliation” refers to the process of comparing a business’s internal financial records with external bank records. The purpose of the bank reconciliation process is to determine whether there are any discrepancies, inconsistencies, or anomalies...

Have You Ever Tried Stingray Tacos?

Jake Glaspy, Junior Accountant at Cook CPA, who recently returned from a week long mission trip to Mexicali, Mexico, has. While serving others was the main focus of the trip, Jake also was able to practice his communication skills. Jake has been speaking Spanish for...

Can You Use a 529 Account to Pay Student Loans in California?

If you are exploring options that you can use to assist you in paying off your student loans, you may want to consider using a 529 plan. These plans were first established in 1986 and have since evolved to meet a variety of educational needs. Student loans can be a...