…to have no fair market value. Accounting considerations for nonprofit auction events Auctions include two different transactions that are accounted for separately. In the first transaction, the donor donates a…
…portion of the tax is being eliminated. We will continue to monitor new and changing Virginia and other states’ tax considerations that may impact you and your business. If you…
…thorough understanding of accounting standards, loss adjustments, insurance recoveries, and related transactions. This blog explores key considerations and best practices for accounting under these challenging circumstances. The financial impact of…
…be used to record the fair value of the digital assets on an entity’s books. Other Considerations For financial reporting purposes, an entity will need to determine what level of…
Growth considerations for Healthcare practices Growth considerations for healthcare practices were a recent topic of discussion at the 2024 Richmond Healthcare Forum event hosted by Keiter, Prospect Blue, Truist Wealth,…
…and Katie Christopher. This seminar provided clients and attendees with insightful updates on state and local tax issues, including income apportionment, sourcing revenue, economic nexus, and telecommuting tax considerations. Below…
By Elizabeth K. Lewis, CPA, Business Assurance & Advisory Services Manager Update: On Wednesday, June 3, 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2020-05, which granted…
Crowdfunding Overview and Accounting Considerations Traditionally, businesses that are trying to get off the ground could raise capital through various different methods including equity financing, convertible debt, debt financing, and…
November 2023: This information has been updated based on new information. Read our most recent charitable giving yead-end tax planning insights. Leverage Charitable Giving to Reduce Your Tax Liability As…
…Compliance and the second panel discussed Merger Considerations: Private Equity or Independent Peer. HR and Legal Compliance Panel The first panel of the evening focused on compliance in healthcare. Audience…
…with your plans and timeline. Estate and Gift Tax Planning Considerations for Family offices, Executives, & Entrepreneurs Annual Exclusion Gifts To the extent not already made for 2020, either gift…