Still No Bonus Depreciation for Qualified Improvement Property
Much has been written about Qualified Improvement Property (QIP) lately. QIP is defined as any improvement to an interior portion…
House Republicans Release Phase 2 of Tax Plan
On July 24, 2018, House Republicans released their outline of Tax Reform 2.0. Interestingly, the outline commits to improving the…
The 2018 Yellow Book Has Been Issued!
The much anticipated revision to the Yellow Book has arrived and is available at www.gao.gov. Some examples of changes contained…
FASB Standard Setting Heats Up as Summer Approaches
After being particularly slow with its standard setting in early 2018, the Financial Accounting Standards Board (FASB) has significantly picked…
The Tax Cuts & Jobs Act Impact on Section 529 Plans and ABLE Plans
Impact on 529 Plans The Tax Cuts & Jobs Act treats up to $10,000 a year for elementary and high…
A Challenging Aspect of ASU No. 2016-14
Nonprofits with December 31, 2018 year-ends will be implementing ASU No. 2016-14. As this effective date draws near, many are…
Topic 606 and Construction Revenue: What CPAs Need to Know
In May 2014, FASB issued an Accounting Standards Update regarding Topic 606: Revenue from Contracts with Customers, along with various…
Avoiding Audit Documentation Dilemmas
In the Auditor’s Responsibility section of the audit report, auditors discuss their responsibility to express an opinion and that they…
Courses to Fit Your Life: 3 Ways Surgent’s Unlimited CPE for CPAs Is Perfect for You
CPE hours are an integral part of the accounting profession; CPAs use them not only to keep their licenses current,…
Changes Coming to the Non-PCAOB Audit Report
We’ve heard quite a lot recently about the coming inclusion of critical audit matters (CAMs) in the audit report for…