The 2018 Yellow Book Provides Slight Relief from the CPE Requirements
While the Yellow Book has been around since 1972, it was the 1988 revision of the standards which first established…
Providing Additional Expense Information under ASU No. 2016-14
As December 31, 2018, draws nigh, not-for-profits are thinking more and more about the implementation of ASU No. 2016-14, Presentation…
Retirement Plan Increases for 2019
IRS announced the 2019 COLA adjustments to retirement plan limits on November 1, 2018 in Notice 2018-83. Elective deferrals for…
The 2018 Yellow Book- Keeping it Under Control
Detecting a finding provides information. Detecting what caused the finding leads to transformation. Under the 2018 Yellow Book, findings may…
Let Me Say This Another Way: Restating Net Assets for ASU No. 2016-14
ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is effective for fiscal years beginning after December 15, 2017.…
The Auditor’s Declaration of Independence
When in the course of human events it becomes necessary for auditors to implement the 2018 Yellow Book (i.e., financial…
The Latest on Deductions for Business Grub
Since TCJA passed last December, we have heard from a multitude of professionals with varying levels of concern regarding the…
IRS Basically Shuts Down SALT Deduction Workarounds
In Proposed Regs 112176-18 issued August 23, 2018, IRS put a major damper on efforts to skirt the TCJA’s state…
FASB Issues Long-awaited Lease Simplification Update
With the effective date of Topic 842, Leases, right around the corner, the FASB recently issued two new ASUs that…
Get Your Long-Awaited Guidance on §199A Here
The IRS issued proposed regulations (107892-18) on August 8, 2018 regarding the passthrough deduction of §199A. Excepting the new season…