…one-year delay on the required implementation dates of the new lease and revenue recognition standards for certain entities. What Are The Financial Statement Presentation And Disclosure Requirements Of The Lessor…
…“contract asset” and “contract liability” are commonly used, they are not required. Alternative terms, such as “billings in excess of revenue” or “revenue in excess of billings”, may be used…
Qualified Opportunity Zones (QOZs) provide a unique opportunity for taxpayers to invest in low-income communities while also offering significant tax benefits. QOZs were included in the 2017 Federal Tax Cuts…
Richmond Recognized as a “Top City in the South” As the city of Richmond continues to grow and catch recognition across the country for its many features such as being…
National recognition reflects expertise and leadership in valuation services Keiter is pleased to announce that Forbes has recognized Greg Saunders, Valuation and Forensics Services (VFS) Senior Manager, and Harold Martin,…
…potential project, estimates are also a main driver to revenue recognition, job performance, and percentage of completion. When there is a gap in internal controls, bad actors could manipulate these…
2024 Not-for-Profit Update CPE Seminar Tuesday, December 3, 2024 | View the Recording Keiter’s Not-for-Profit team provided guidance for revenue recognition and classifying net assets. Click the icon below to…
…the early days of the COVID-19 pandemic. Many nonprofit organizations had contributions and pledges canceled or amended after recognition as donors grappled with the effects of lockdowns and business slow-downs….
…or moving it into a Qualified Opportunity Zone (QOZ). QOZs, designated by the state in which they are located and certified by the U.S. Treasury through the Internal Revenue Service…
…and December 31, 2019. The grant amount is equal to 2 percent of revenue from patient care for calendar year 2017, 2018, or 2019 as chosen by the provider. Providers…
…Conformity: In keep with its tradition of annual conformity to the Internal Revenue Code Virginia updated its conformity to the Internal Revenue Code as December 31, 2021 with certain exceptions….
…1096 and Forms 1099-Misc, Copy A, with the Internal Revenue Service Forms 1099 which report payments other than non-employment compensation are due February 28, 2020. Provide Form 1099 to recipients….