Monthly Archives: November 2016

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Retirement and Late 401(K) Deposits Are a Big Deal

Dear Anna, Question:  So we recently changed payroll companies and I just found out the new company hasn’t been remitting the employee 401(k) plan amounts [...]

Many Questions Remain After International Banking Heist

Tesco Bank, a Scotland-based bank and subsidiary of U.K. supermarket giant Tesco, recently blocked all online transactions tied to customers' checking accounts after money was [...]

Is Your Non-Profit Prepared for the Growing Digital Threat?

If you follow the news cyberattacks are covered on an almost daily basis. Whether the victim is a mega chain store like Target, an international [...]

2018-10-30T17:02:02-04:00November 21, 2016|Categories: Consulting, Cybersecurity, Not-for-Profit|Tags: , , |

A Look at President-Elect Trump’s Tax Plan

President-elect Donald Trump’s tax reform plan was released earlier this year. The affects on businesses include: Reducing the top corporate income tax rate from 35% [...]

Nonprofit Reporting of Expense Allocations

Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (Topic 958), issued August 18, 2016 by the Financial Accounting Standards Board (FASB), [...]

2018-08-22T15:52:59-04:00November 16, 2016|Categories: Accounting, Audit & Assurance, Not-for-Profit|Tags: , , |

The Basics of Temporarily Restricted Contributions

For some nonprofit organizations, contributions are a significant source of revenue.  Proper accounting treatment for those contributions is key, which include tracking and monitoring restricted [...]

2019-08-30T12:06:59-04:00November 15, 2016|Categories: Audit & Assurance, Not-for-Profit|Tags: , , |