Headlines

  • GASB Statement No. 87 Addresses Single Approach for Reporting Leases

    Published: Jun 30, 2017
    The Governmental Accounting Standards Board (GASB) has detailed new guidance that establishes a single approach to accounting for and reporting leases by state and local governments. Find out more about these guidelines! 

  • Procurement Standards Changes: What You Need to Know

    Published: Jun 21, 2017
    In December of 2013, the United States Office of Management and Budget (OMB) issued comprehensive grant reform rules that resulted in changes related to contract procurement. Here are a few highlights of these changes, as well as some steps you can take to prepare.

  • Form 990 Article Series 05: Unrelated Business Income: What is it and how do I identify it?

    Published: Jun 21, 2017
    Many nonprofit organizations are seeking alternative revenue sources that are outside their exempt purpose in an effort to raise additional funds. It is important to understand what constitutes unrelated business income so it can be identified and properly reported to the IRS.

  • The IRS Form 990: It’s Not Just for Taxes Anymore!

    Published: Jun 21, 2017
    Believe it or not, your IRS Form 990 contains information that can be valuable in your marketing efforts. Find out how to zero in on some key differentiators to help promote your nonprofit. 

  • Work Opportunity and Fuel Tax Credits: The IRS Helps Those Who Help Themselves

    Published: Jun 20, 2017
    We previously covered a general list of tax incentives that can benefit manufacturers and tech firms. Read on for more in-depth information on two particular tax credits: the Work Opportunity Tax Credit, and the Fuel Tax Credit.

  • What You Don’t Know… Can Save You Money

    Published: Jun 20, 2017
    Manufacturers and technology firms could reap thousands of dollars in savings thanks to a wide range of tax incentives. It’s well worth investigating what might work for your company—and we can help you understand the finer details of each.

  • GASB Statement No. 86: In-Substance Defeasance of Debt

    Published: May 30, 2017
    The Governmental Accounting Standards Board (GASB) has detailed new guidance for in-substance defeasance of debt. Read more about these guidelines—and come visit us at the FCCMA conference in Orlando! 

  • NCAA Agreed-Upon Procedures: What You Need to Know for 2017

    Published: May 23, 2017
    The NCAA has issued its 2017 Agreed-Upon Procedures guide. Read on to find out about key changes that affect both your operations and the procedures your CPA firm follows.  

  • GASB Releases Implementation Guides to Clarify Requirements

    Published: May 12, 2017
    The Governmental Accounting Standards Board (GASB) recently released two Implementation Guides designed to answer questions and explain further certain GASB statements. 

  • Sales Tax Breaks Ahead

    Published: May 4, 2017
    Florida lawmakers recently completed and passed HB 7109, the highly anticipated 2017 sales tax relief package.

  • Ransomware: Why Data Backups are Your Best Defense

    Published: May 4, 2017
    Files you can’t access. A system you can’t operate. And a brazen message demanding payment or else your data will be destroyed. This is a ransomware attack—and here’s what you need to know about it.

  • Key Aspects of FASB’s New Nonprofit Standards

    Published: May 4, 2017
    Now that FASB standard No. 2016-14 is in place, it is a good time to revisit the changes that make nonprofit reporting practices less confusing and statements easier to understand. 

  • Top Five Upcoming GAAP Changes Nonprofits Should Know

    Published: May 4, 2017
    If you run a nonprofit organization, pay heed to several upcoming changes to GAAP guidelines that cover going concern requirements, consolidation requirements, fair value disclosures and more. 

  • Putting a Dollar Value on Volunteer Time

    Published: May 2, 2017
    We all know the importance of volunteers. But can we put a number on the value of their work? The answer is yes—and that number is a big one. 

  • BrickerBot: Putting Security and Convenience at Risk

    Published: Apr 18, 2017
    Do you use the internet to monitor your business’ security system, video surveillance, building controls (lights, temperature, etc.) or other functions? BrickerBot is a new security threat targeting these systems.

  • Demand the Best from Your Remote Backup Service

    Published: Apr 18, 2017
    You’ve made the wise choice of backing your data up to a secure off-site facility! Read more about the requirements you should insist upon when choosing a firm to perform your backup.

  • Cost Segregations: A Dollar Today is Worth More than a Dollar Tomorrow

    Published: Mar 28, 2017
    A cost segregation study can provide increased cash flow, reduced current tax liability, and other benefits by identifying costs that can be depreciated over a shorter timeframe than the one mandated by the IRS. 

  • GASB Releases Statement No. 85

    Published: Mar 22, 2017
    On Monday, March 20, the Governmental Accounting Standards Board (GASB) issued Statement No. 85 to address several accounting and financial reporting issues. 

  • Partnership vs. S Corp: What’s Best for Holding Property?

    Published: Mar 1, 2017
    Holding real estate in an S corporation may seem like a great idea when forming a new entity. Why, then, do more professionals recommend partnerships as the most attractive vehicle to hold real estate?

  • Know the Rules of the Florida Commercial Rent Sales Tax

    Published: Mar 1, 2017
    If you hold real property and business operations in separate entities for liability purposes, sales tax is still due on any rental payments (or payments construed as rent) made from the business to the real estate holding company.

  • The IRS Relaxes Enforcement of ACA Mandate Penalties

    Published: Mar 1, 2017
    As the new administration plans drastic changes to the Patient Protection and Affordable Care Act (ACA), the IRS has eased enforcement of the individual mandate component.

  • Like-Kind Exchanges and How You Can Benefit

    Published: Mar 1, 2017
    If you’re selling business or investment property for a gain, you can postpone paying tax on the gain with like-kind exchanges. Read more about this option and whether it’s right for you. 

  • ACA Marketplace Notice Forms: One “Use By” Date You Can Ignore

    Published: Mar 1, 2017
    Despite their January and February 2017 expiration dates, you can still use the current health insurance marketplace notice supplied by the U.S. Department of Labor.

  • Employee Handbooks: A Vital Company Communication Tool

    Published: Feb 2, 2017
    An employee handbook that isn’t relevant, well planned and periodically reviewed can cause confusion, mistrust and even legal trouble. Here are a few common do’s and don’ts when it comes to these handbooks. 

  • How to Compare Tax-Exempt and Taxable Investment Yields

    Published: Jan 31, 2017
    We are frequently asked how to compare the yield on a tax-free bond with the yield on a taxable investment. Thankfully, there is a fairly straightforward formula you can use to come up with comparative yields if you know your tax bracket. 

  • Decisions, Decisions: Incentive vs. Non-Qualified Stock Options

    Published: Jan 30, 2017
    Stock options are a great way to attract high-quality talent to your company. Read on about the benefits and drawbacks of the two most popular types of these options. 

  • Making a Graceful Transition – What is Your Plan?

    Published: Jan 6, 2017
    By laying the groundwork of transition planning now, you and your family can have peace of mind knowing that your wishes are documented when the time comes for you to move on.  

  • Tax Time: The Clock Starts... Now!

    Published: Jan 6, 2017
    As we dive head-first into tax season, we want you to be aware of several important deadlines and considerations that will make life easier for both you and your CPA. 

  • IRS Penalty Eliminated for Employer Reimbursements of Healthcare Costs

    Published: Dec 13, 2016
    President Barack Obama has signed into law legislation that eliminates penalties on employers who reimburse employees for the cost of health insurance premiums. 

  • Building Your Business: The Ins and Outs of Entity Structuring

    Published: Dec 5, 2016
    The entity structure you choose for your business affects the decisions you make later, from determining your tax liability to offering stock options. 

  • The New Year Means a New Form I-9

    Published: Nov 30, 2016
    A new Form I-9 makes it easier for companies to comply with USCIS regulations on employment eligibility. Read more about the changes on the form and why they were made.   

  • BREAKING NEWS - DOL Overtime Rule Blocked

    Published: Nov 23, 2016
    The new Department of Labor (DOL) federal overtime rule, scheduled to take effect on Dec. 1, has been blocked by a federal judge.  

  • Extension Announced for ACA Form 1095 Deadline

    Published: Nov 21, 2016
    Employers subject to the Affordable Care Act’s (ACA’s) information-reporting requirements now have until March 2, 2017, to deliver individual statements on 2016 health coverage  to their employees. 

  • Nonbusiness Deductions – Your Holiday Gift to Yourself!

    Published: Nov 11, 2016
    Your 2016 tax return can actually be an opportunity for savings, thanks to the variety of nonbusiness deductions available. 

  • Health Insurance: Time for a Checkup!

    Published: Nov 11, 2016
    With the year coming to an end and new health insurance enrollment periods upon us, now is the perfect time to take a thorough look at the costs and coverage of your plan.

  • Year-End Tax Planning for Seniors

    Published: Nov 10, 2016
    Whether the end of the year means contributing to charities or making withdrawals from your retirement account, here are some tax saving strategies that will help you get (and give) the most with your money.

  • Year-End Tax Planning for Individuals

    Published: Nov 10, 2016
    Navigating the complicated tax laws and the myriad of options to save money can be daunting. In this article we summarize several ways to help you reduce your tax burden. 

  • Year-End Tax Planning for Your Business

    Published: Nov 10, 2016
    The end of the year isn’t just about holiday spending – now is the time to take advantage of tax breaks for purchasing equipment, software and certain real estate property. 

  • Out With the Old, In With the New: Important Deadline Changes for Year-End Filings

    Published: Nov 10, 2016
    The end of the year usually brings a flurry of activity aimed not only at meeting goals, but also hitting important deadlines. And this particular year brings about a couple of very important changes.

  • Disaster Relief – Tax Deadlines Extended for Those Affected by Recent Hurricanes

    Published: Oct 18, 2016
    The Internal Revenue Service (IRS) announced the extension of a variety of deadlines for certain tax returns and payments due to the extensive and unusual impact of Hurricane Matthew. 

  • New Rules for Deducting Disaster Losses

    Published: Oct 18, 2016
    The Internal Revenue Service (IRS) has announced new procedures for deducting losses under section 165(i) due to disasters such as Hurricane Matthew. 

  • Paying the Difference: Salary Data Now Required on EEO-1 Form

    Published: Oct 17, 2016
    The Equal Employment Opportunity Commission (EEOC) has announced that EEO-1 reporting form will collect pay data beginning with the 2017 form.

  • The R&D Credit – It’s Not Just for Tech Companies!

    Published: Oct 17, 2016
    R&D credits aren’t just for technology firms. See how manufacturing companies can take benefit from this often-overlooked tax advantage. 

  • The Yahoo Data Breach: Are You At Risk?

    Published: Sep 27, 2016
    A 2014 breach of the Yahoo network has put the data from at least 500 million user accounts at risk. If you have a Yahoo account, be aware of the dangers and what you should do next. 

  • Establishing a Board of Directors for Your Nonprofit

    Published: Sep 26, 2016
    An effective board of directors – a governing body that keeps the organization focused on its mission and helps manage the business side of nonprofit work – is just as important as the work of your hands-on volunteers. 

  • Facebook Privacy Considerations

    Published: Sep 21, 2016
    Facebook’s algorithms to suggest friendships often bring to light convoluted yet amusing coincidences. Read on to see how client confidentiality can be impacted by these algorithms.

  • Preparing for a Single Audit: An Auditee Perspective

    Published: Sep 21, 2016
    The GAQC has scheduled a CPE rebroadcast of a webinar that would be of interest to any organization that is in recipient of federal awards. The webinar, “Preparing for a Single Audit: An Auditee Perspective”, will be held on September 29, 2016 from 1:00pm-3:00pm. 

  • New FASB Guidelines Finalized for Nonprofit Financial Reporting

    Published: Aug 23, 2016
    The Financial Accounting Standards Board (FASB) has announced the finalization of ASU No. 2016-14, a new set of guidelines for nonprofits regarding their financial reporting.

  • Deadline Fast Approaching for the New DOL Overtime Rule

    Published: Aug 10, 2016
    Employers have less than four months to ensure compliance with the U.S. Department of Labor’s overtime rule changes or face significant fines. 

  • ACA Employer Appeals - Time is Money

    Published: Aug 10, 2016
    Have you been notified by the ACA that an employee has received a subsidy for purchasing a Marketplace health insurance policy? If you offer ACA-compliant coverage, filing an employer appeal can help you save thousands of dollars in penalties. 

  • Pay Transparency Nondiscrimination – Executive Order 13665

    Published: Aug 9, 2016
    Effective January 11, 2016, it is now unlawful for federal contractors to discriminate again applicants or employees who inquire about, discuss or disclose pay or compensation.

  • New AICPA Revenue Recognition Standards

    Published: Aug 9, 2016
    New revenue recognition standards have been adopted by the AIPCA. The time is now to evaluate your current contracts with customers and begin planning and discussing your proposed updates with your CPA. 

  • IRS Enhances its E-authentication Procedures for Tax Returns

    Published: Jul 28, 2016
    After a four-month suspension due to security concerns, the IRS has relaunched its “Get an IP PIN” tool to protect the information of taxpayers who file online. The new version is aimed at preventing automated attacks like those that plagued the IRS’s computer systems earlier this year and in 2015.