…revenue and expenses derived from all activities “not substantially related” to their exempt function for the purpose of calculating their Unrelated Business Taxable Income (UBTI) in compliance with section 511(a)(1)….
…was recognized this year particularly for our training programs for career advancement. This recognition, presented by The Richmond Times Dispatch, was facilitated by Energage who invited 1,141 organizations to participate….
…events Special events often incorporate a variety of revenue sources – ticket sales, registrations, sponsorships, auctions, raffles, contributions should each individually be evaluated for treatment. For each revenue stream: Step…
…Courtney Corallo 17:27 – Revenue Recognition 47:39 – Functional Expense Reporting for Nonprofits and Split-Interest Agreements Presented by Richard Lewis 1:25:02 – Common Questions When Preparing Form 990 and 990PF…
…Revenue: Franchise & Excise Tax Tennessee Department of Revenue: Franchise Tax Computation Tennessee Department of Revenue: Franchise & Excise Tax Notice Tennesse Department of Revenue – Report of Debts Tennesse…
…a one-year delay on the required implementation dates of the new lease and revenue recognition standards for certain entities. ASC 842: Lease Accounting for Offices The new lease standard is…
…and government guarantees. Recognition and Measurement: Grants would be recognized when it’s probable (1) the entity will meet the conditions of the grant and (2) that the grant will be…
…Marketing Achievement Award Firm Wins Virginia PRSA 2020 Commonwealth Award of Merit Mike Gracik Wins 2020 Virginia CPA Outstanding Member Award Learn more about the Firm’s latest awards and recognition….
…recognition of losses, insurance recoveries, and adjustments to financial statements. These processes are governed by intricate accounting standards, such as Accounting Standards Code (ASC) 610-30, which outline how to handle…
…private letter ruling requests to request the late election. Due to the volume of requests received, in 2017 the IRS issued guidance in Revenue Procedure 2017-34 to allow a two…
…prior four fiscal years. This business tax revenue comprised approximately 43.5 percent of all state and local tax revenue collected. Taxes included in the study were corporate income and franchise…