Take Your Accounting and Financial Functions to the Next Level
Over the past two years, we have noted a significant increase in interest among our clients in transforming their accounting and financial functions into high-performing units.
ASU 2016-14 Impact on Financial Statement Presentation for Private Foundations
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities (NFPs).
Implementing the New Revenue Recognition Standard
The Financial Accounting Standards Board (FASB) issued accounting standards update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) in May 2014, almost five years ago.
Opportunity Zone Funds: Structuring and Operational Considerations
Everyone seems to be talking about Opportunity Zones these days and understandably so. Not only does the new legislation provide for the deferral and partial forgiveness of tax on capital gain income from any source, it also allows for investment of those gains to grow tax free if held for a minimum of ten years.
Synthetic FOB Destination Sales
Many manufacturers and distributors ship their goods using “free on board” (FOB) shipping point terms, where title legally transfers at the time of shipment.
Power Purchase Agreements — Navigating the Complex Accounting Landscape
As renewable energy technology continues to improve, it has become less expensive to purchase and increasingly popular.
Changes: 2018 Form 5500 Annual Return/Report
Many of you are now gathering the necessary information to prepare your organization’s employee benefit plan(s) IRS Form 550, Annual Return/Report for 2018.
PKF Worldwide Tax Update
If you or your business have global connections, you will want to access the first quarter 2019 edition of the PKF Worldwide Tax Update. It is a compendium of notable tax changes from around the world, each followed by the commentary of PKF international tax professionals.
2018 M&A Survey Results
Well, the results of our annual M&A survey are in and there are some interesting things to note.
Cyber Roundup – February 2019
So, you’ve been lucky so far. Neither you nor your business has been compromised by cyber crime. Maybe Shakespeare’s warning [which basically applies to most life circumstances] can be your guide.
PKF O’Connor Davies Welcomes Batchelor, Frechette, McCrory, Michael & Company
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today that Batchelor, Frechette, McCrory, Michael & Co. (BFMM), an accounting, consulting and financial services firm based in Providence, RI, has joined the Firm.
A Limited Scope Audit Could Save Time and Money — Does Your Plan Qualify?
Commonly, employee benefit plans with more than 100 participants — in accordance with the Employee Retirement Income Security Act of 1974 (ERISA) — are required to be audited.