News & Events

New Revenue Recognition – Time to Prepare Is Now

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The deadline for implementing the new revenue recognition standard is as early as December 15, 2017 for public entities and December 15, 2018 for nonpublic entities. These deadlines may appear far away, but it’s critical to start preparing now. The new standard has the potential to impact organizations...

2017 March News in Review

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Sansiveri’s 2017 March News in Review is a summary of news, events and links that we shared throughout the month of February. Just in case you missed an earlier post or email, this issue includes information about the Sir-Tax Blog on R&D Tax Credits; rethinking not-for-profit financial reporting; five...

Five Key Performance Indicators That Sureties Watch

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When surety underwriters review your financial statements, they are looking for evidence of sound financial condition. Every underwriter has its own standards and expectations, but here are five key performance indicators (KPIs) many bonding companies look at closely: 1. Working Capital: Sureties typically adjust the textbook definition of...

2017 May be the Year for Manufacturing in R.I.

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In January 2017, Governor Gina M. Raimondo announced her intentions of focusing on the manufacturing industry as part of her efforts to ensure that every Rhode Islander has an opportunity. Governor Raimondo’s new Rhode Island Manufacturing Initiative will be focusing on providing “manufacturing companies the tools they need to invest...

The R&D Tax Credit: IT’S NOT just ROCKET SCIENCE!

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- by David Lichtenstein, CPA, MST You know that guy, right? The one who always manages to blurt out “It’s not rocket science!”, when you are struggling to figure something out. Don’t be that guy. Don’t be that guy who loves to state the obvious. I mean really, does anyone...

Rethinking Nonprofit Financial Reporting

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The Financial Accounting Standards Board (FASB) has issued new accounting standards for nonprofit financial reporting. The update, Presentation of Financial Statements of Not-for-Profit Entities, is designed to help nonprofits present their financials in a way that tells their story more transparently. A Clearer Picture, Inside and Out Both internal...

2017 February News in Review

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Sansiveri’s 2017 February News in Review is a summary of news, events and links that we shared throughout the month of January. Just in case you missed an earlier post or email, this issue includes information about David Lichtenstein's New Blog: Sir-Tax; how new lease accounting rules may affect...