Article Archives: 2022

Calculating the lease liability is a fundamental aspect of accounting for leases under the new lease accounting guidance, ASC 842. Not only does it determine the liability on the balance sheet,

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The numbers provided by the finance and development departments at not-for-profits often do not match 100 percent – and they don’t have to. However, the data must be reconcilable from one department to the other,

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Protection of sensitive corporate and personal information is a dynamic and paramount business concern. Microsoft has updated their Supplier Security and Privacy Assurance (SSPA) program to address these concerns that intersect with their supplier network.

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On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The legislation aims to create clean energy jobs through significant new and extended clean energy investment incentives for both businesses and individuals.

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Charities rely on the generosity of donors to make programs happen, and contributions are often the lifeblood of the organization. Organizations that build responsible fundraising practices are more likely to succeed than those that do not.

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For business and occupation (B&O) tax purposes, taxpayers earning apportionable revenue calculate their taxable Washington revenue by applying a “receipts factor” apportionment methodology. Taxpayers computing B&O tax in this manner are required to complete and file an Annual Reconciliation of Apportionable Income form with the Department of Revenue.

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Beginning in 2023, the Inflation Reduction Act of 2022 (the 2022 Act) allows small business employers who invest in research activity to elect a new payroll credit of up to $250,000. 

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Once you’ve identified your leases requiring accounting under Accounting Standards Update No. 2016-03, Leases (Topic 842), an important step is to determine the lease term. The lease may include several dates,

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Public policy favors not-for-profit organizations through various financial incentives. Although Washington is less generous than other states and the federal government in the taxation of not-for-profit organizations, it does provide for a few financial incentives,

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When the home office deduction for employees was disallowed effective in 2018, no one anticipated the transformation the 2020 pandemic would have on the workplace. Now, with so many people working remotely,

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