Revenue Recognition Consideration for Distributors: Drop Shipments
Accounting & Auditing
With the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, effective for December 31, 2019 year ends, much attention […]
Nonprofits: Take Note of Expense Reporting Changes
Accounting & Auditing, Nonprofits
Nonprofits must be on their toes nowadays. New regulatory changes are being introduced constantly, many in just the last two […]
New Reporting Rules Impact Nonprofit Organizations
Accounting & Auditing, Nonprofits
Most nonprofit executives are focused on fundraising, service and program delivery, staff development and community relations. Ensuring the organization is […]
Supreme Court Ruling Affects Online Retailers, Without Physical Nexus, to Collect Sales Tax
Accounting & Auditing, Tax Planning & Compliance
For the past 25 years, businesses have relied on Quill Corp. v. North Dakota for not imposing sales tax collections […]
Changes to Depreciation Under Tax Reform
Accounting & Auditing, Tax Planning & Compliance
The Tax Cuts and Jobs Act (TCJA), signed into law in the final days of 2017, contains many changes that […]
NAIC Announces Adoption of INT 18-01: Updated Tax Estimates under the Tax Cuts and Jobs Act
Accounting & Auditing, Property & Casualty Insurance
On February 8, 2018, the Statutory Accounting Principles Working Group (SAPWG) for the National Association of Insurance Commissioners (NAIC) met […]
Pennsylvania Changes Audit Requirement Thresholds
Accounting & Auditing, Nonprofits
The nonprofit industry in Pennsylvania will see a few changes after Governor Wolf’s recent legislative signing of Act 71 of […]