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Index (2870)
GASB’s New Pension Standards GASB’s New Pension Standards Table of Contents BACKGROUND & OVERVIEW .................................................................................................................................. 3 ACCOUNTING OVERVIEW...
GASB Issues Final Rules Governing Reporting for Postemployment Benefits Other Than Pensions GASB Issues Final Rules Governing Reporting for Postemployment Benefits Other Than Pensions Table of Contents EXECUTIVE SUMMARY ........................................................................................................................................... 3 GASB 75 – EMPLOYER...
Boards Move Closer to Completing Leases Project With the decisions made at their December 2014 and January 2015 meetings, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are nearing completion of redeliberations on the leases project. At the December 2014 meeting, the boards tentatively agreed on the definition of a lease. The boards decided...
Update to Consolidation Guidelines Update to Consolidation Guidelines Table of Contents INTRODUCTION ..................................................................................................................................................... 3 PROJECT TIMELINE...
What You Need to Know – Changes in Financial Accounting Standards: 2015 What You Need to Know – Changes in Financial Accounting Standards: 2015 Table of Contents OVERVIEW ............................................................................................................................................................. 3 ACCOUNTING STANDARDS UPDATES...
Pension Savings from New Mortality Data Last year, the Society of Actuaries (SOA) released the first new set of mortality tables and mortality improvement scales in more than 10 years. The tables highlighted longer life expectancies and faster increases in mortality improvements. With that release, SOA promised to update its data at least triennially. Subsequent to SOA’s update, the...
Materiality Proposals Promote Discretion in Footnote Disclosures & Offer Board Clarity Entities historically have leaned toward overdisclosing for many reasons, including fear of external auditor objections, litigation and compliance risks and the requirement to communicate omissions of immaterial disclosures as errors to audit committees. This paper summarizes actions the Financial...
Proposed Improvements to Disclosures About Government Assistance Background In its outreach with users, preparers and practitioners of both public and private companies, the Financial Accounting Standards Board (FASB) learned most stakeholders want additional transparency around financial reporting of government assistance arrangements that businesses enter into—including those...
Simplifying Classification of Deferred Taxes On November 20, the Financial Accounting Standards Board (FASB) updated U.S. generally accepted accounting principles (GAAP) to simplify presentation of deferred taxes. Accounting Standards Update (ASU) 2015-17, Balance Sheet Classification of Deferred Taxes, amends Accounting Standards Codification Topic 740 (formerly FAS 109), Income Taxes, by...
Proposal to Simplify Equity Method Accounting As part of its ongoing simplification initiative, the Financial Accounting Standards Board (FASB) has proposed eliminating the requirement that an equity method investor identify, allocate and disclose basis differences. An entity would recognize its equity method investments at cost, eliminating the need to determine the fair value of an...
Clarification Proposed on Classification of Certain Cash Receipts & Payments On January 29, 2016, the Financial Accounting Standards Board (FASB) proposed several amendments affecting how entities report changes in cash and cash equivalents during a period; these are the first changes since the issuance of Statement No. 95, Statement of Cash Flows, in 1987. The proposed Accounting...
Public Companies – New Accounting Standards Effective for First Quarter 2016 If you’re a calendar-year company, you’ve likely just filed or are getting ready to file your U.S. Securities and Exchange Commission (SEC) Form 10-K. Now it’s almost the end of your first quarter; are you on top of the new accounting pronouncements that become effective this...
Breakage Rules Finalized for Prepaid Cards On March 8, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-04, Liabilities – Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products. The prepaid card industry is a $500 billion industry and growing, and many consumers fail to redeem...
Contingent Option Bifurcation Clarified On March 14, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-06, Derivatives and Hedging (Topic 815) Contingent Put and Call Options in Debt Instruments. The ASU eliminates diversity in practice in assessing contingent put and call options embedded within certain debt instruments. The various...
Simplifying the Transition to the Equity Method of Accounting On March 15, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-07, Investments—Equity Method and Joint Ventures (Topic 323); Simplifying the Transition to the Equity Method of Accounting. The narrowly scoped update simplifies accounting for all entities with investments...
Middle Market Equity Capital Report In Q2, Fewer IPOs, Increased Transaction Sizes, and the Lure of Private Capital July 2015 A CohnReznick LLP Report 1 Middle Market Equity Capital Report ― July 2015 Table of Contents Preface ...................................................................................................1 Highlights...
Middle Market Equity Capital Report In Q3, Volatility Exerts Downward Pressure on IPO Activity October 2015 A CohnReznick LLP Report 1 Middle Market Equity Capital Report ― October 2015 TABLE OF CONTENTS Preface ..................................................................................................................................... 1 Highlights...
MOMENTUM 2015 Middle Market Technology Outlook A 2015 CohnReznick LLP Report mo • men • tum noun: impetus and driving force gained by the development of a process or course of events Table of Contents Today’s Technology Business Environment .................. 1 Competitive Forces ........................................................ 5 The State of Capital...
MOMENTUM 2015 Commercial Real Estate Outlook A 2015 CohnReznick LLP Report Regulatory Issues... 6 mo • men • tum noun: impetus and driving force gained by the development of a process or course of events .. Table of Contents The State of the Market ..............................................................1 Capital Flows...
MOMENTUM 2015 Middle Market Private Equity Outlook A 2015 CohnReznick LLP Report mo • men • tum noun: impetus and driving force gained by the development of a process or course of events Table of Contents Today’s Private Equity Environment ..........................................1 Issues in Focus for 2015...
CohnReznick 2015 Not-for-Profit Governance Survey A CohnReznick LLP Report JULY 2015 Table of Contents Methodology......................................................................................................1 Executive Summary............................................................................................2 Respondent...
Digital Transformation: Leading Success at Growth Companies A CohnReznick LLP White Paper The early adopters have weighed in—a well-conceived digital transformation delivers breakthrough business models, creating unprecedented levels of growth, efficiency, and innovation. Companies are embracing digital as a means to improve customer engagement to drive value creation and...
BEST PRACTICES IN PRIVATE EQUITY VALUATION: Helping Private Equity Maximize Investment Returns A CohnReznick LLP White Paper OCTOBER 2015 Preface The competition for high-quality investment opportunities is significant as strategic buyers are driving record levels of M&A activity and are willing to pay premiums to secure their intended targets. Valuations for middle market deals have...
MOMENTUM 2016 Commercial Real Estate Outlook A 2016 CohnReznick LLP Report Regulatory Issues... 6 mo • men • tum noun: impetus and driving force gained by the development of a process or course of events Table of Contents .. The Relentless Search for Opportunity ......................................1 • Fundraising...
MOMENTUM 2016 Middle Market Private Equity Outlook A 2016 CohnReznick LLP Report Regulatory Issues... 6 mo • men • tum noun: impetus and driving force gained by the development of a process or course of events .. Table of Contents Industry Overview........................................................................1 Strategies for Success in 2016...
MOMENTUM 2016 Technology Outlook: Sustaining Growth in an Environment of Rapid Change A 2016 CohnReznick LLP Report Regulatory Issues... 6 mo • men • tum noun: impetus and driving force gained by the development of a process or course of events Table of Contents .. Sustaining Growth in an Environment of Rapid Change .......1 • Capital Raising...
Page 1 North America Renewable Energy Brief – March 2016 NORTH AMERICA R E N E WA B L E E N E R G Y B R I E F CAN COMMUNITY SOLAR BRING RENEWABLE ENERGY TO THE MASSES? – MARCH 2016 Page 2 North America Renewable Energy Brief – March 2016 IN FOCUS: CAN COMMUNITY SOLAR BRING RENEWABLE ENERGY TO THE MASSES? The huge market potential Financing challenges and...
MARKET AND ECONOMIC OUTLOOK October 2014 Construction Adds Fuel to U.S. Economic Growth Tax Information Find these topics of interest at CLAconnect.com/tax: • Life Insurance: A Retirement Strategy With Tax Savings for High Earners • Don’t Miss the Potential Tax Savings on Property Improvements • IRS Streamlines Offshore Voluntary Disclosure Program Despite...
MARKET AND ECONOMIC OUTLOOK January 2015 Cheap Oil, Booming Auto Sales, Volatility, and Why Diversification Matters Tax Information Find these topics of interest at CLAconnect.com/tax: • Plan Ahead: Key Information for 2015 Tax Year • Tax-Smart Tips for Handling your IRA and Estate Plan • New Legislation Extends Tax Provisions for Businesses and Individuals Few...
CLAconnect.com/seniorliving 30th Edition Skilled Nursing Facility Cost Comparison Based on 2014 data 30th Edition: Skilled Nursing Facility Cost Comparison Table of Contents TABLE OF CONTENTS...................................................................................................................................................... 2 30th Edition...
MARKET AND ECONOMIC OUTLOOK April 2015 Confident Consumers and Manufacturers; Markets Should Expect the Unexpected Tax Information Find these topics of interest at CLAconnect.com/tax: • Life Insurance: A Retirement Strategy With Tax Savings for High Earners • Make Use of the Gift Tax Exemption With Spousal Access Trusts • You’ve Been Asked to be the...
Fair Value in Federal Credit April 2015 Revised April 2015 Fair Value in Federal Credit Table of Contents EXECUTIVE SUMMARY .............................................................................................................................................................1 HOW ARE FEDERAL CREDIT PROGRAM COSTS CURRENTLY DETERMINED?...
Strategic Relationships in the Nonprofit Senior Living Field When One Plus One Is Much More Part One Today senior living organizations are more willing to think about affiliation as a strategy for growth, rather than a rescue. Organizations considering a strategic relationship must determine whether joining together will sustain, strengthen, and potentially expand their missions. Deciding whether...
Private Investments: Potential Rewards for Individuals and Institutions Quick links Private investments defined Private equity and private real assets Partnership interests Committed capital, called capital, and distributions Return expectations Increased diversification Tax Information Find these topics of interest at CLAconnect.com/tax: • Life Insurance: A Retirement Strategy With...
Wealth Management Guide Reach your goals This guide is designed for individuals, families, executives, business owners, and retirees looking for financial guidance. We compiled our wealth advisory articles to make it easy for you to gain insights on a variety of related topics, including retirement, investing for the long term, life insurance, estate and gift planning, business transitions, risk...
CLAconnect.com/nonprofit 10 Nonprofit Tax Issues to Address Before an IRS Audit Knowing what examiners look for can help your organization prepare. While the percentage of nonprofit tax returns examined by the IRS has slipped back to pre-2010 levels, it remains higher than the rates for small corporations and individuals. The frequency is still high enough that it strikes fear into the hearts of...
MARKET AND ECONOMIC OUTLOOK October 2015 Volatile Markets, Healthy Banks, and a Strong U.S. Economy Tax Information Find these topics of interest at CLAconnect.com/tax: • Estate Planning Comes Down to Tax Risk Versus Reward • Grantor Trusts: Tax and Estate Planning with GRATs and IDGTs • Life Insurance: A Retirement Strategy With Tax Savings for High Earners We...
claconnect.com/nonprofit IRS Foreign Reporting Requirements for Nonprofit Organizations Global reach and offshore investment are exposing more nonprofits to a potential compliance risk. Many IRS foreign reporting requirements were originally intended to curb offshore tax avoidance by U.S. residents and multinational companies, but they are increasingly being felt by nonprofit organizations. The...
Market and Economic Outlook January 2016 Tax Information Find these topics of interest at CLAconnect.com/tax: • Key Individual and Business Tax Rates for the 2016 Tax Year • New Congressional Spending Bill Affects Individuals and Businesses • Like-Kind Exchange Tax Incentive Requires Attention to Detail Stocks Swoon, Interest Rates Rise, Energy Prices Fall, and Ag...
CBIZ & Mayer Hoffman McCann PC
2014 CBIZ MHM Business Tax Planning Supplement 2014 CBIZ MHM BUSINESS TAX PLANNING SUPPLEMENT | PAGE 1 2014 CBIZ MHM Business Tax Planning Guide Supplement Beyond the watershed American Taxpayer Relief Act of 2012, which was passed on New Year’s Day 2013, little else happened last year in terms of important tax legislation – no significant progress on tax reform and no...
CBIZ & Mayer Hoffman McCann PC
CBIZ HEALTH REFORM MATRIX A TOOL FOR UNDERSTANDING THE IMPACT OF HEALTH CARE REFORM Patient Protection and Affordable Care Act (Public Law 111-148, enacted March 23, 2010) and the Health Care and Education Reconciliation Act (Public Law 111-152, enacted March 30, 2010) The following matrix is divided into six categories: EMPLOYER/PLAN SPONSOR ISSUES...
CBIZ & Mayer Hoffman McCann PC
Service Contract Act Health & Welfare Benefits Contractor Obligations, Options and Best Practices by Bicknell C. Robbins, Esq. President and General Counsel Government Contracting Practice CBIZ Benefits and Insurance Services, Inc. Employers who have contracts with the federal government that are subject to the Service Contract Act (SCA) must meet the wage and benefit provisions of...
CBIZ & Mayer Hoffman McCann PC
The Affordable Care Act Impact on Service Contract Act Health & Welfare Benefits by Bicknell C. Robbins, Esq. President and General Counsel Government Contracting Practice CBIZ Benefits and Insurance Services, Inc. As we enter 2013 with 2014 looming on the horizon, employers are paying more attention to Health Care Reform and those aspects of the law that will take effect in 2014. Of...
CBIZ & Mayer Hoffman McCann PC
Cybersecurity First Aid Kit: Four Steps to Recognize, React and Recover from a Breach HIGHLIGHTS Monitoring internal controls can catch early signs of a cybersecurity incident. Forensic analysis helps determine the full extent of compromised files. Ongoing cybersecurity adjustments can address vulnerabilities before a breach occurs. RISK ADVISORY WHITEPAPER Cybersecurity First Aid Kit A...
