News

So you received the dreaded “nasty-gram” from the IRS. Here are some common sense steps that you should take that you may wish to save for that day. IRS Notice Response

Wrapping your head around the accounting standards changes on the horizon is no easy task—let alone figuring out which ones deserve the most attention. To help with this, I have highlighted five Financial Accounting Standards Board (FASB) Accounting Standards Updates (ASUs) that not-for-profit accounting professionals should consider prioritizing this year. The following updates have fast-approaching

The IRS on Friday issued the 2017 inflation adjustments to the car-truck depreciation limitations and lease inclusion amounts for certain automobiles under Sec. 280F. This year’s guidance includes figures for vehicles that are placed in service in 2017 and to which first-year bonus depreciation applies. For passenger automobiles (other than trucks or vans) placed in

The IRS issued final regulations (T.D. 9784) clarifying the definition of real property for purposes of the real estate investment trust (REIT) provisions…

The tax breaks you receive in your retirement accounts don’t come for free. When you hit age 70 ½, you generally have to start withdrawing money from those accounts, even if you don’t want to…

Your job hunt is in the home stretch. Your prospective employer has your résumé, and you’ve completed the interviews. What’s next? Do you sit back and wait or follow up immediately? Is a handwritten note the best approach, or would an email or a phone call make more sense? Should you get creative or play it safe?

As a CPA who has been in public practice for many years, I know the challenges that not-for-profit organizations face in financial reporting, and, more specifically, in applying generally accepted accounting principles…