Manufacturing & Distribution

Changes to the Requirement for Consolidating VIEs

By Linda Marie Pearson, CPA, CFE, Principal FASB has just amended the FASB Accounting Standards Codification (ASC) related to the requirement for consolidating VIEs.  FASB issued Accounting Standards Update No. 2018-17, Consolidation (Topic 810) to communicate how the ASC was amended. Here is what you need to know about the...

How Blockchain Could Change Manufacturing

By Linda Marie Pearson, CPA, CFE, Principal   You’ve likely heard of bitcoin—a new type of money known as cryptocurrency or digital currency. Bitcoin is a worldwide payment system that operates without a central bank or administrator. Bitcoin is being used by a growing number of businesses and individuals, and...

Third Quarter 2018: Key Deadlines for Businesses

Third Quarter 2018

2018 Q3 Tax Calendar Here are some of the key tax-related deadlines affecting businesses and other employers for reporting second and/or third quarter filings of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us at 401-331-0500 to...

FASB Improves Accounting Related to the Tax Cuts & Jobs Act

FASB Improves Accounting

The Financial Accounting Standards Board (FASB) addressed an accounting issue created by the Tax Cuts & Jobs Act by releasing FASB Accounting Standards Update (ASU) 2018-02, Income Statement – Reporting Comprehensive Income. This ASU addresses an accounting issue having been coined the name “the stranded tax effect” and is...

Changing Perception on a Career in Manufacturing

Career in Manufacturing

- by Linda Marie Pearson, CPA, CFE Manufacturing is Important Yet… While Americans value the manufacturing industry, but they are not choosing manufacturing for their careers. According to the 6th U.S. Public Opinion of Manufacturing Study conducted by the Manufacturing Institute and Deloitte, 7 out of 10 people interviewed...

Rhode Island 2018 State of the State Address

RI 2018 State of the State Address

Let's Keep Going At last night’s 2018 State of the State Address, Governor Raimondo, once again, called for legislature to pass the Rhode Island Manufacturing Initiative, a package of workforce training and economic development programs aimed to rebuild Rhode Island’s manufacturing industry. She also pointed out that “the responsibility...

The Value of the Governor’s Workforce Training Grants

-by Michael DeCataldo, CPA/PFS, CFP®, MST, Managing Partner As the business climate continually changes, companies often need to train their employees to allow their business to meet new challenges. Developing your employees’ skills can position your business to take advantage of opportunities and remain competitive and successful in the year...