Accounting Updates are articles, tips or announcements regarding accounting and tax-related subjects that may affect or benefit your business or industry.

May 17, 2018

The FASB’s update requires “enhanced” information about your organization’s liquidity and timely access to resources. Two kinds of information are required; together, they can indicate the nonprofit’s ability to meet its cash needs for all the next year’s general expenditures.

May 3, 2018

Typically, third-party administrators handle the logistics of sending out participant communication and other employee benefit plan disclosures. But this doesn’t relieve you as the plan fiduciary from responsibility for understanding disclosure requirements and making sure they are met.

January 9, 2018

In our 2017 Tax Legislation Highlights, we touch on some of the more widely applicable provisions that should have the most impact on the business community as well as some changes that may affect the individual.

September 27, 2017

New rules will change the way nonprofits report and describe their net assets. These changes will reduce the number of net asset classes from three to two and require separate subtotals for activities with and without donor restrictions.

September 14, 2017

If your company is involved in a merger or spinoff, you’ll need to plan carefully for how your qualified retirement plan will be affected. Failure to plan ahead for the impact of a merger or spinoff on your plan could lead to unintended consequences.

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