New Nonprofit Reporting Guideline Protects Donor Privacy
In a move to protect donor privacy and ease reporting burdens, the Treasury Department and the IRS announced on July 16 that certain nonprofit organizations no longer have to report [...]
Higher Education Uncertain About Impacts of Tax Reform
Virtually every individual and industry in America will be affected by the Tax Cuts and Jobs Act—including higher education. However, tax reform still lacks clarity. The Internal Revenue Service and U.S. [...]
NCAA Agreed-Upon Procedures: What’s New in 2018?
The NCAA Agreed-Upon Procedures Guide for 2018 has been released, and it remains relatively intact compared to the 2017 version. The vast majority of updates are actually clarifications meant to [...]
The Dangers of Transferring a Business to Children Without Planning
After building a successful business, many owners decide on transferring their business to their children. Too often, those owners assume that transferring a business to children will go smoothly and [...]
Unforeseen Changes to Third-Party Sales
For many business owners, a sale to a third party is their assumed Exit Path. Some business owners even start their businesses with the goal of finding a larger, more [...]
FASB Standards and You: Two Important Updates for Manufacturing & Tech Companies
The last few years have brought several new standards from the Financial Accounting Standards Board (FASB). While some of these new FASB standards were rolled out as far back as [...]