May 2017

Recent FASB Developments - First Quarter 2017
Recent FASB Developments – First Quarter 2017

This article provides a comprehensive overview of important, recent developments that have changed the financial…

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IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures
IRS Introduces Three New Automatic Method Changes and Provides Modified Procedures

On April 19, 2017, the Internal Revenue Service issued Revenue Procedure 2017-30 to update the…

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A Cyberattack of Unprecedented Scale
A Cyberattack of Unprecedented Scale

What You Need to Know About the WannaCry Ransomware Program Just days after President Trump…

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R&D Tax Credit FAQs - Small Businesses
R&D Tax Credit FAQs – Small Businesses

We have received several questions related to the federal R&D tax credit and how it…

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Significant SEC Developments – First Quarter 2017
Significant SEC Developments – First Quarter 2017

This article summarizes significant accounting and reporting updates from the Securities and Exchange Commission. All…

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Tax Court Decision Addresses Self-Employment Taxes of LLC Members
Tax Court Decision Addresses Self-Employment Taxes of LLC Members

In Vincent J. Castigliola, et ux., et al. v. Commissioner, TC Memo 2017-62, the Tax Court…

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What's the Difference Between a Direct and Indirect Rollover
What’s the Difference Between a Direct and Indirect Rollover?

If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan [like a…

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Portion of Conflict Minerals Rule No Longer to be Enforced
Portion of Conflict Minerals Rule No Longer to be Enforced

A U.S. District Court has entered a final judgment in the ongoing lawsuit related to…

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Corporate Sponsorship Money: Is It Taxable?
Corporate Sponsorship Money: Is It Taxable?

Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit…

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How the New Changes to Lease Accounting Could Affect Your Nonprofit
How the New Changes to Lease Accounting Could Affect Your Nonprofit

In early 2016 a much-anticipated accounting standard was released on how to treat leases. This…

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