april 2020 issue

7 min read 2020-05-29 17:00:53

Nonprofit Liquidity

Having implemented Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, many nonprofits are

17 min read 2020-05-27 17:00:18

The insurance industry deals in the unknown. Insurance companies provide their customers with protection from future events—some foreseeable, many

4 min read 2020-05-26 17:01:31

Recent months have proved challenging, if not exhausting, for professionals in the state and local tax compliance arena, for several reasons that

5 min read 2020-05-26 17:00:17

In March 2020, the IRS announced an exemption to the information reporting requirements applicable to foreign trusts. Under this exemption,

7 min read 2020-05-25 17:00:20

In Brief: As the data revolution continues to change every facet of society, for-profit companies are realizing significant benefits from adopting

5 min read 2020-05-22 23:00:38

Financial accountants and auditors who assist nonprofit organizations have been busy applying and educating nonprofit management about FASB

11 min read 2020-05-22 19:00:21

As Benjamin Franklin noted, the truths of life include death and taxes. No one is exempt, not even prisoners. The United States is known for having

7 min read 2020-05-21 23:00:29

In Brief Nonprofit organizations may not have to maximize profits in order to satisfy the expectations of shareholders, but they still must remain

4 min read 2020-04-30 22:07:28

U.S. Treasury Yield Curve The financial turmoil caused by the coronavirus (COVID-19) pandemic extended into the bond market, as investors drove

12 min read 2020-04-27 18:00:34

In Brief The need for accounting standards for government entities has been long recognized, but the road to establishing the right body to set