Gifts-in-Kind: New Reporting Requirements for Nonprofits
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
The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its…
Read this Insight...New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting
Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion,…
Read this Insight...IRS Lowers Fees for Tax-Exempt Charity Application
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
December 15, 2015 marked an important date in accounting and review standards history. One of the…
Read this Insight...Record Retention Guidelines and Policy Development
Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward,…
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IRS Announces 2022 Limits for Retirement Plans
The IRS has announced the new retirement plan numbers for 2022.Retirement limits for 401(k) and similar ...
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What Papers do You Need to Save?
Sometimes it feels good to get rid of clutter, especially this time of year when the ...
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Tax Policy Update: How the Build Back Better Act Affects Individuals
RECORDED WEBCAST | December 16, 2021 Download webcast slides The Senate Finance Committee’s release this past ...
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DOL Reveals Key Change for Tipped Workers
Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a ...
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IRS Clarifies Temporary Deductibility of Per Diem Meal Expenses
The IRS has issued Notice 2021-63, clarifying previous guidance issued under Notice 2021-25 pertaining to the ...
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Section 174 Research Deduction Changes for 2022
Have you been deducting your R&D expenses as they occur? Starting in the new year, that ...
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Year-End Tax Planning for Individuals
As we near the end of another turbulent year, it’s time to discuss the steps you ...
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Year-End Tax Planning for Businesses
2021 brought a wave of new tax changes for businesses, and 2022 could bring yet another ...
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SAS 136: Preparation before year end
As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial ...
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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit
The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses ...
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What To Know About the New Lease Accounting Standard
Every day that passes marks less time for private companies to get ready for ASC 842, ...
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Credit for Other Dependents: A CTC Alternative
The IRS is reminding families about the Credit for Other Dependents, a tax credit available to taxpayers for ...
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