News & Resources

FASB recently issued Accounting Standards Update 2015-11 Inventory (Topic 33) Simplifying the Measurement of Inventory. The amendments in this Update do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail

With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive

This month’s newsletter includes: Knowledge Management Enables Nonprofits to Fulfill Their Mission Revenue Recognition effective date delayed by one year Do I Want or Need a Financial Statement Audit? Read the entire newsletter.

If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in 2016, why not begin enjoying

With the U.S. Supreme Court’s June 25 decision upholding the Affordable Care Act (ACA) yet again, employers subject to the act’s information reporting provision can no longer afford to put off planning in the hope

The New York Non-Profit Revitalization Act of 2013, which became effective July 1, 2014, revises the financial oversight requirements nonprofits must adhere to if soliciting contributions in New York State.  Massachusetts nonprofits who solicit in

A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the tradeoff

Even though portability now allows married couples to use up both spouses’ estate tax exemptions without having to make lifetime asset transfers or set up trusts, this “easier” path isn’t necessarily the better path. For

This month’s newsletter covers: How Nonprofits Can Effectively Work with Donor Advised Funds Tips to Better Manage Nonprofit Finances More About New Nonprofit Reporting Standards Read the entire newsletter.

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