Blog Archives: 2016

Washington B&O Tax Alert – Annual B&O Tax Apportionment Reconciliation Due October 31

Posted October 5th, 2016 & filed under Blog.

Taxpayers earning revenue from performing services or from licensing intangibles, and doing business both inside and outside of the State of Washington are required to complete an “Annual Reconciliation of Apportionable Income.”

The form must be submitted to the Department of Revenue by October 31st of each year;

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IRS Tax Scams Abound – Fake CP2000 Forms

Posted September 26th, 2016 & filed under Blog.

IRS tax scams abound: the IRS and its Security Summit partners issued an alert on September 22 about the most recent scam, this one involving a fake email with a fraudulent CP2000 attachment.

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Big Changes Coming for Financial Reporting of Not-for-Profit Organizations – Part 3: Disclosing Board Designations of Net Assets

Posted September 19th, 2016 & filed under Blog.

Recap

On August 18, 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-14 “Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.” ASU 2016-14 requires a number of changes to the financial statements of NFPs.

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Big Changes Coming for Financial Reporting of Not-for-Profit Organizations – Part 2: Net Asset Classification

Posted August 29th, 2016 & filed under Blog.

Recap

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Tax Update: New proposed regulations for Internal Revenue Code Section 2704

Posted August 25th, 2016 & filed under Blog.

On August 2, 2016, the IRS issued proposed regulations under Internal Revenue Code Section 2704 that could eliminate or significantly reduce the allowable discounts when valuing interests in family-owned entities for gift,

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