Article Archives: 2018

Not-for-profit organizations need to be aware that some changes in your calendar 2018 or fiscal 2019 year-end financial statements will be required. These changes are designed to more clearly indicate your organization’s financial position as a result of a recent Financial Accounting Standards Board Accounting Standards Update (FASB ASU).

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Now that a month has passed since President Trump signed the Tax Cuts and Jobs Act into legislation, the ripple effect of the changes is being felt.  The drop in corporate tax rates has a positive impact for many. 

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Four years ago, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014-15 (ASU 2014-15) Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,

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Note: This article has been substantially updated since its original publication date, please refer to the latest article here.

Employee benefits that were formerly tax-free benefits under IRC 132(f) (transportation,

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I recently attended a training that discussed procurement cards—both their increased popularity and the risks associated with using them.

During the training, I shared that we have been using technology to help mitigate these risks.

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Certain transportation and onsite health benefits have been tax exempt to employees and tax deductible to employers prior to passing the Tax Cuts and Jobs Act of 2017. However, beginning January 1,

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