Accounting Standards Updates FASB Issues Standards for Recognition and Measurement of Financial Assets and Liabilities AAFCPAs wants to alert you to this change from the Financial Accounting Standards Board (FASB). In their effort to provide users of financial statements with... January 19, 2016
Arts & Cultural 2016 Standard Mileage Rates The IRS has issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or... December 28, 2015
—By Author New IRS Employer Reporting Requirements Under ACA AAFCPAs reminds clients that, pursuant to the Affordable Care Act (ACA), the employer information reporting provision for offers of minimum essential coverage, which applies only... December 11, 2015
Arts & Cultural CFOs Embrace the Cloud for Scalability, Reliability, and Independence CFOs are more commonly migrating services to the Cloud in order to unlock benefits that can help them free up resources and achieve a new... December 1, 2015
CDCs & Affordable Housing HUD Extending the Due Date for Certain Financial Statements Recent Security Breach Leads to Global Extension for Owners with 6/30/15 Fiscal Year Ends The U.S. Department of Housing and Urban Development (HUD) has issued... September 24, 2015
Arts & Cultural Navigating Charity Evaluators How nonprofits can positively impact their rating Communication and transparency are paramount for companies looking to win over advocates in the information age, and the... May 26, 2015
Business Tax Community Investment Tax Credits: Donors Investing Over $1K in CDCs Realize Significant Tax Benefits The Community Investment Tax Credit (CITC) was established as a way to incentivize Commonwealth residents to invest in community development corporations (CDCs). The CITC program... April 27, 2015
Accounting Standards Updates Proposed Nonprofit Financial Statement Format Changes On April 22, 2015, the FASB issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation... April 24, 2015