Are your Social Security benefits taxable?
October 18, 2017
It may surprise you that some of your social security benefits reported to the IRS could be taxable. It is important to determine if your benefits may be taxable so that you are not caught off guard during tax time.
The first step in...
Proposed Tax Reform
October 11, 2017
A big issue out in the open is that the current federal administration wants to make some tax reforms. This reform will change many of big tax rules currently in place. Most people are sitting around waiting on guidance as to what will change so they...
Accounting Standards Update (ASU) No. 2016-14 Review
September 27, 2017
The Financial Accounting Standards Board in August of 2016 issued ASU No. 2016-14 that was titled Not-for-Profit Entities: Presentation of Financial Statements of Not-for-Profit Entities. This new standard applies to all not-for-profits and is...