…and removing various exceptions related to intra-period tax allocation Recognition of deferred tax liabilities for foreign equity method investments Treatment of calculating income taxes in an interim period The ASU…
Keiter is making headlines as it was listed under #8 for the Top Workplaces in the region. This is Keiter’s 4th consecutive year winning this award. This recognition, presented by…
…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…
…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….
…the size and other eligibility requirements. Businesses with less than 10 million dollars in gross revenue or fewer than 250 full-time employees may now qualify. Further, businesses are eligible to…
…of Taxation’s General Fund Revenues.[i] Thus, maintaining the stream of individual income tax revenues to the states, and particularly Virginia, is critical to funding state operations and initiatives. Residents Required…
Recent SECA tax court case decision clarifies meaning of “limited partner” Since 2018, the Internal Revenue Service (IRS) has focused its attention on activities related to its Self-Employment Contributions Act…
…of their taxable year. North Carolina Department of Revenue vs. Kimberly Rice Kaestner 1992 Family Trust Trust state taxation has always been a consideration but has gained attention recently due…
…to adjust, including: Revenue classification and accounting, including sponsorships, earned revenue sources, and contributions Contributions of non-financial assets Special event revenue and expenses Accounting for leases in accordance with ASC…