Tag Archives: Issues

LESSONS LEARNED FROM IMPLEMENTING ASU 2016-14 FUNCTIONAL EXPENSES

Nonprofit organizations with calendar year ends are working to implement the provisions of Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The ASU is effective for annual financial statements issued for fiscal years beginning after Dec. 15, 2017. Specifics of the requirements of the ASU have been Read More…

TAX TIDBIT: TAX IDENTITY THEFT

In this face paced electronic world, it can be easy for unscrupulous people to use stolen Social Security numbers, to file tax returns claiming a fraudulent tax refund.  If you tried to electronically file your tax return and found out that someone had already electronically filed a tax return, with your social security number, you Read More…