Articles

The hopes of foundation managers for tax reform of the net investment income excise tax were again dashed when Congress late last year failed to enact the proposed simplification of the excise tax to a flat tax of 1.4%

Not-for-profit organizations with calendar year-ends are required to implement the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities for the year ended December 31, 2018.

Blockchain is an emerging technology that could revolutionize business.

Welcome again to the month’s multifaceted world of cyber criminality. Precipitated by spoofing, spamming, sniffing, sandboxing, phishing, spyware, ransomware, adware, etc., the results are an almost infinite number and variety of cyber crime.

The Financial Accounting Standards Board (FASB or Board) recently issued Accounting Standards Update (ASU) No. 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220).

The Financial Accounting Standards Board (FASB or Board) continues to inch closer to finalizing its guidance for contributions received and contributions made.

We have worked with many long-term care facilities and have had direct experience with how long-term care facilities typically safeguard the electronic protected health information.

As we continue to examine specific provisions of the Tax Cuts and Jobs Act, it is becoming increasingly clear that numerous provisions will directly or indirectly impact investment management companies and/or their principals.

Much has been written on the provisions of the tax legislation which was signed by President Trump on December 22, 2017.

After weeks of intense Congressional negotiations, the Bipartisan Budget Act of 2018 (Act) was signed into law on February 9, 2018.

The Bipartisan Budget Act of 2018 was signed on February 9, 2018. This agreement was needed to keep the government operating and avoid another government shutdown.

When the Bipartisan Budget Act of 2018 was signed by President Trump on February 9, 2018 not only was a complete government shut down avoided, but over 30 tax provisions (that expired as of December 31, 2016) were retroactively extended; in most cases to December 31, 2017.