Keep up with the latest industry trends, tax tips and regulatory changes.
The largest change in not-for-profit financial reporting since 1993 was issued on August 18, 2016 by FASB. Accounting Standards Update (ASU) No. 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities is the culmination of the first of two phases of the FASB Not-for-Profit Financial Reporting project. Read more
In 1946, approximately 3.4 million babies were born, more babies in a year than ever before. A portion of these first baby boomers will be turning 70 ½ in 2016 and will have to begin taking required minimum distributions (RMDs) from their retirement plans. It is now more important than ever that the baby boomers know when to take their RMDs... Read more