Insights by Author: Stacey Gumley

Gifts-in-Kind: New Reporting Requirements for Nonprofits

June 27, 2022

Nonprofits that receive contributions of nonfinancial assets are subject to new financial reporting rules. Because of…

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Not-for-Profits Now Benefit from GAAP Alternatives

June 28, 2019

The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its…

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New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting

March 16, 2017

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion,…

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IRS Lowers Fees for Tax-Exempt Charity Application

September 23, 2016

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July…

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Moving Forward with SSARS 21

February 16, 2016

December 15, 2015 marked an important date in accounting and review standards history. One of the…

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Record Retention Guidelines and Policy Development

October 31, 2013

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward,…

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2014 Year-End Tax Planning for Businesses

It is that time of year to start thinking about your year-end tax planning. Let's dive into a ...
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2014 Year-End Tax Planning for Individuals

It's hard to believe that we are getting towards the end of another year, but with ...
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Bonnie Zappacosta Receives 40 Under 40 Award

Congratulations to BPW's Marketing Manager, Bonnie Zappacosta, who was recently named one of the 2014 40 ...
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The Tax Reform Act of 2014’s Effect on Nonprofits

In early 2014, Dave Camp, U.S. Congressman and Chairman of the Ways and Means Committee, unveiled ...
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Phone Scams Continue

It is important to us at BPW to keep our clients and community apprised of not only important industry ...
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CA Partial Sales and Use Tax Exemption

As a way to encourage economic growth in California, a new tax law recently went into ...
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Targeted Partnership Allocations on the Rise

When working with partnership formation agreements for traditional partnerships and Limited Liability Companies, it has become ...
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The IC-DISC: How Your Foreign Sales Can Save You Tax

If your business exports goods that are made or grown in the United States or performs ...
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Regulations Released for Estate and Trust Deductions

The IRS has issued final regulations as to which costs incurred by non-grantor trusts and estates ...
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Converged Standard on Revenue Recognition Released by FASB and IASB

After many years of collaboration, the Financial Accounting Standards Board (FASB) and the International Accounting Standards ...
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A Major Change in the Rules of IRA Rollovers

With a recent ruling by the United States Tax Court (the Court), there is now a ...
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The Magic of AP Automation

Somewhere in an office not so far from here, there is a company that gets all their ...
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