Archive: 2018 Archive
Uniform Guidance: Changes to the Micro-Purchase and Simplified Acquisition Thresholds
Recently, we issued an article that provided an update from the Office of Management and Budget (OMB) on the National Defense Auth… Read More
Revenue Recognition – Adding Clarity
When the new revenue recognition standard came out, Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Cus… Read More
Time to Update Employee Expense Reimbursement Plans
Now is a good time to update employee expense reimbursement plans, given changes brought about by the Tax Cuts and Jobs Act (TCJA)… Read More
Will the New Business Interest Expense Limit Affect Your Business?
The Tax Cuts and Jobs Act (TCJA) has significantly lowered tax rates for businesses and changed many deductions. One of the… Read More
U.S. Supreme Court Overturns Quill, Opens Door for States to Require Sales Tax Collection by Virtually All Remote Sellers
In a momentous decision that is likely to have far-reaching effects on retail commerce, the Supreme Court ruled 5-4 that states ma… Read More
Beyond the Triangle: The Other Shapes of Fraud
The fraud triangle is the cornerstone to occupational fraud theory and illustrates the three elements that need to be in place for… Read More
Segregating Unrelated Trades or Businesses
Beginning in 2018, unrelated business taxable income (UBTI) must be computed separately for each unrelated trade or business. Net… Read More
Uniform Guidance: Changes to the Micro-Purchase Threshold
Update: The OMB has recently issued Memo M-18-18 to provide more guidance on both the NDAA of 2017 and the NDAA of 2018. Read our… Read More
