Blog Archives: 2017

How will the New Lease Accounting Standard Affect Your Debt Covenants?

Posted May 16th, 2017 & filed under Blog.

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Leases (Topic 842).

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Washington Department of Revenue Annual Tax Incentive Reports and Surveys – New May 31 Due Date

Posted April 11th, 2017 & filed under Blog.

Taxpayers taking advantage of any one of the available State of Washington tax incentives – including tax deferrals, reduced B&O tax rates, exemptions, and credits – may be required to file an Annual Report or Annual Survey.

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The Combined Reporting Trap for California Real Property Holders

Posted March 30th, 2017 & filed under Blog.

Owners and managers of multiple entity businesses holding California real estate investments may be surprised to learn that laws written almost 100 years ago can have a dramatic impact on their taxes.

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IRS Dependent Classifications & When to Claim a Dependent Exemption

Posted March 14th, 2017 & filed under Blog.

One of the most common questions I receive from clients, family, and friends is about dependents – and when to claim a dependent exemption. Whether it’s parents who are still caring for adult children,

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Big Changes Coming for Financial Reporting of Not-for-Profit Organizations: Part 10: Effective Date and Transition Considerations

Posted March 9th, 2017 & 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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