Monthly Archives: December 2018
New code subsection 263A(i) excludes a company whose average gross receipts do not exceed $25,000,000 from IRC 263A. I don’t think the accounting world has a good handle on how far reaching this can be. For example: most people are discussing this in terms of the 263A adjustment. The 263A adjustment to include mixed service […]
We’ve all been there. In a meeting to discuss a significant change that is occurring we sense that we should say something. But what? This scenario closely aligns to what many firms are encountering as they audit the first round of not-for-profits that have implemented ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. […]
