Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees?
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
Coming soon: Private companies and nonprofits that rent equipment, vehicles and real estate will need to update their accounting systems for major changes to the rules for long-term leases under U.S. GAAP.
Employer-Provided Disaster Relief & COVID-19
Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
Why the new revenue recognition and nonprofit standards are significant for nonprofits
If you’re a nonprofit, be prepared for some potential major changes to the way you recognize revenue. Performing this new analysis will be crucial to understanding how to recognize revenue from your various funding sources.
Industry Outlook 2019-2020: Nonprofit & Government
Levels of Optimism: Moderate Whether nonprofit organizations are endowed or they rely on regular donors and government funding to maintain their mission, leaders in all sectors see 2019 as a year of relative stability. This is interesting given what appeared to be an uncertain stock market at the end of 2018 as well as uncertainties[ … ]
Industry Outlook 2018: Not-for-Profit & Government
The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the not-for-profit & government segment here in terms of growth, risk factors, strengths and trends. A variety of community outreach, research, academic, associations and charitable organizations responded to the CFO Spotlight Survey for the third[ … ]
