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All posts by Jada McAbee

03
Nov

2017 Year-End Tax Planning

Year-end strategies will become clearer over the coming weeks as proposals are negotiated and prospects for final passage become more certain. For now, flexibility and preparedness are key. Taxpayers should be ready to execute strategies as late as December, while preparing for a variety of final scenarios without locking themselves into any final course. Click ...

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14
Aug

Revenue From Contracts With Customers

Introduction In 2014, the FASB issued its landmark standard, Revenue from Contracts with Customers, which has since been amended by various updates. It takes effect in 2018 for public companies and in 2019 for all other companies, and addresses virtually all industries in U.S. GAAP, including those that previously followed industry-specific guidance such as franchisors. ...

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10
May

BUILDING A RESILIENT ORGANIZATION—A TOOLKIT FOR NONPROFIT BOARDS TO MANAGE TRANSFORMATIONAL CHANGE

Many, if not most, nonprofit organizations will encounter board or leadership turbulence at some point in their lifecycles. Organizational transition, the evolution of mission or executive departures are inevitable. There are times when the board must make challenging decisions and protect the organization from financial and organizational risk, as well as potential reputation damage. Continue ...

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27
Apr

TECHNOLOGY’S POST-ELECTION FUTURE UNDER A TRUMP ADMINISTRATION

The technology industry is no stranger to Washington D.C. In 2015, the five biggest U.S. tech companies spent $49 million on lobbyists, outspending the five largest banks by more than $29 million, according to data compiled by the Center for Responsive Politics. A New York Times article, appropriately titled, “Obama Brought Silicon Valley to Washington,” ...

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IS YOUR HEALTH PLAN READY FOR A HIPAA AUDIT?

The U.S. Department of Health
& Human Services (HHS) has
begun the next phase of audits in
conjunction with its review of policies and procedures implemented by covered entities (and those entities’ business associates) to meet the Health Insurance Portability and Accountability Act (HIPAA)
Privacy, Security and Breach Notification rules.

Please follow the link below to read the entire article

 IS YOUR HEALTH PLAN READY FOR A HIPAA AUDIT?

21
Dec

2016 Year-End Tax Planning For Businesses

The time to consider tax-saving opportunities for your business is before its tax year-end. Some of these opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or regular corporation. Other opportunities may apply only to a particular type of business organization. This Tax Letter ...

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20
Dec

2016 Year-End Tax Planning For Individuals

Your 2016 year-end tax planning begins with a projection of your estimated income, deductions, and tax liability for 2016 and 2017. You should review actual amounts from 2015 to assist you with these projections. To the extent you can control the timing of income and deductions between 2016 and 2017, you should make decisions that ...

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21
Oct

What Nonprofits Need to Know…..

FASB ISSUES ASU 2016-14, PRESENTATION OF FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. The standard aims to improve presentation of financial information, ultimately making not-for-profit financial reporting statements more informative, transparent and useful to donors, grantors and other users. This is the first major change to the nonprofit financial statement model in over 20 years. Please follow ...

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03
Feb

2015 YEAR-END TAX PLANNING FOR INDIVIDUALS

Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. So, just as you would shop around for the best price for food, clothing, or merchandise, you want to consider opportunities to reduce or defer your annual tax obligation. This Tax Letter is intended to assist you in that effort. Please ...

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29
Jan

2015 YEAR-END TAX PLANNING FOR BUSINESSES

The time to consider tax-saving opportunities for your business is before its tax year-end. Some of these opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or regular corporation. Other opportunities may apply only to a particular type of business organization. This Tax Letter is organized into sections discussing year-end, ...

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