-
Office of Management & Budget Developments
Author: Matthew O. McDonald On February 29, 2012, the Office of Management and Budget issued proposed rules which may reform the cost principles, administrative requirements, and Single Audit rules that apply to exempt organizations. The proposed changes are… -
Sunset of 2001 & 2003 Tax Cuts and Benefits
Source: CCH Tax Briefing CCH recently issued a summary on the upcoming fate of the expiring Bush-Era Tax Cuts. We have posted their special report for your information. As always, please contact your Keiter Tax team with questions…Posted in: Client Alerts, Taxation -
Are you Prepared for 2013??
Changes are coming, and not all of them are good. Proper tax planning, sooner rather than later, will prepare you and avoid unpleasant surprises when you file your 2013 tax returns. In addition to changes, there are also…Posted in: Client Alerts, Taxation -
Moving Money Offshore, Know FATCA
As part of the Hiring Incentives to Restore Employment (HIRE) Act enacted in 2010, the U.S. created the Foreign Account Tax Compliance Act (FATCA) in effort to curtail tax evasion by U.S. persons investing assets in offshore accounts. …Posted in: Client Alerts, Financial Services -
Best Practices: How Some Distributors Do Better Than Others
While the economy is improving, continued pressures from volume challenges, pricing resistance, and volatility of fuel costs have limited operating performance of distributors. There are steps that thoughtful owners and managers can take to enhance the value of… -
Recent FINRA Developments
On January 26, 2012, the SEC issued a letter to FINRA authorizing FINRA staff to ask for Suspicious Activity Reports (SAR’s) and any related SAR information from member firms. The Financial Crimes Enforcement Network regulations regarding confidentiality of…Posted in: Client Alerts, Financial Services -
Revenue Recognition for Contractors: Clarifications Still Needed in FASB’s Exposure Draft
In late 2011,(and again in January 2012) the Financial Accounting Standards Board (“FASB”) took the unusual step of reissuing an Exposure Draft, Revenue from Contracts with Customers. In response to almost 1,000 comment letters received by the FASB,…Posted in: Client Alerts, Construction -
Are you fully utilizing feedback from your employees?
Consider the following startling statistic: A typical organization loses 5% of its annual revenue to fraud. Small organizations are disproportionately victimized by occupational fraud. One of the most commonly victimized industries is manufacturing. These frauds are much more…Posted in: Client Alerts, Manufacturing -
Nonprofit Financial Reporting Revisited
The last significant change to the financial reporting model for nonprofits was made back in 1993 when the Financial Accounting Standards Board (FASB) issued SFAS 117 (now codified at FASB ASC 958) changing financial statement formats from fund…Posted in: Client Alerts, Not-For-Profit -
Congress Takes Aim at Online Sellers — Prepare for the Fallout
Author: Kay Gotshall Source: http://www.cchgroup.com Here is an interesting article about how online companies may eventually be subject to sales tax in different states. If you have any online companies, especially one that sells tangible property with affiliates…Posted in: Client Alerts, Taxation
