The Tax Cuts and Jobs Act (TCJA), may have decreased the corporate tax rate, but it also created a new rule by which many taxpayers will actually recognize taxable income sooner. No longer may a company defer revenue recognition for

The calendar turned to May quickly this year and summer fun is on the horizon. Before we head out of the office to take advantage of time off, let’s recap the action in Orlando at the Spring 2019 meeting of

More than two years after it began its project, the AICPA Auditing Standards Board (ASB) issued Proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. In January 2015,

Although it intended to simplify and clarify investment disclosures and create more consistent application across entities, the FASB caused some unintended confusion when it issued the following Accounting Standards Updates (ASU): ASU 2015-07 Disclosures for Investments in Certain Entities That

On July 1st the President signed H.R. 3151, also known as The Taxpayer First Act (the “Act”), as a means to drag the Internal Revenue Service into the 21st Century through internal reforms aimed at more efficient tax filings. These

To align its definition of “collections” with that used by the American Alliance of Museums, the FASB issued Accounting Standards Update (ASU) 2019-03, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections. The ASU applies to all entities that maintain