August 27, 2019 Delaying Effective Dates for Leases, Hedging, and Credit Losses Lease Standard (ASU 2016-02, Leases; FASB Accounting Standards Codification 842) The FASB tentatively decided (subject to comments received…
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January 15, 2019 The Art and Science Behind Collecting Pledged Donations Helpful Tips for Collecting Pledged Donations A pledge to a nonprofit is generosity without cash up front, making it…
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May 17, 2018 Clarifying Donor Restrictions New Reporting of Net Assets Starting Soon New rules set to take effect for the fiscal year beginning after Dec. 15, 2017 (with early…
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February 16, 2018 The New Nonprofit Liquidity Disclosures Accounting Standards Update 2016-14 “Liquidity worries haunt nonprofits,” intoned CFO Magazine in a 2009 headline. At that time, not-for-profit organizations were scaling…
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February 6, 2018 Tax Reform Impact on Nonprofits The Tax Cuts and Jobs Act enacted in December 2017 marks the most dramatic overhaul to the U.S. income tax code in…
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December 18, 2017 403(b) Five Things You Should Be Checking With so many complex and ever-changing rules, nonprofits that provide a 403(b) plan for employees should regularly review their retirement…
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October 5, 2017 Delayed Implementation Date for Some The Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic…
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August 10, 2017 AICPA Addresses Three Revenue Recognition Implementation Issues By Andrew de Labry, CPA In May 2014 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09,…
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January 20, 2017 FASB Proposes to Simplify the Classification of Debt By Linda Marie Pearson, CPA, CFE On January 10, 2017, FASB issued an exposure draft to simplify the…
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January 19, 2017 FASB Focuses on Inventory Disclosures By Linda Marie Pearson, CPA, CFE, Principal On January 10, 2017, FASB issued an exposure draft to change the disclosure requirements of…
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July 28, 2016 Potential Payroll Tax Savings for RI Employers By David Gobeille, Tax Partner It appears that Rhode Island will have a sufficient level of reserves in our…
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May 26, 2016 Accounting for Goodwill to Change By Linda Marie Pearson, CPA, CFE Does your entity have goodwill on its balance sheet? If so, a change simplifying the accounting…
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March 14, 2016 Tax Scam Notification The Rhode Island Division of Taxation has cautioned Rhode Island businesses owners about a scam in which individuals claim to be collections agents of…
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March 8, 2016 Changes to Lease Recognition By Linda Marie Pearson, CPA, CFE Financial Accounting Standards Board (FASB) has just amended the FASB Accounting Standards Codification (ASC) related to leases.…
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January 18, 2016 Executive Sessions: What They Are and Why You Should Have Them By Linda Marie Pearson, CPA, CFE A private conversation among board members seems to contradict the…
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October 15, 2015 Tax Incentives May Benefit Your Business Rhode Island offers a number of tax incentive programs to the employers of this state. There may be something of value…
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September 1, 2015 Proposed Change to Revenue Recognition Standard By Linda Marie Pearson, CPA, CFE The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) to…
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July 15, 2015 Revenue Recognition Rules Delayed FASB Votes to Delay Implementation of Revenue Recognition Rules At a meeting held on July 9, 2015, FASB voted to approve a one-year…
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May 27, 2015 Your Company’s Retirement Plan – Things to Consider As beneficial as it may be to you and your employees, sponsoring a tax-qualified retirement plan is not without…
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April 23, 2015 Changes to Not-for-Profit Financial Statements FASB Releases Proposed ASU to Change Not-for-Profit & Health Care Entities’ Presentation of Financial Statements Written by Linda Marie Pearson, CPA, CFE,…
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April 2, 2015 FASB Agrees to Delay Implementation of Revenue Recognition Rules At a meeting held on April 1, 2015, FASB verbally agreed to delay the required effective date of…
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