News & Insights
GASB 96 – Subscription-Based IT Arrangements
March 17th, 2023
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Accounting & Outsourced Solutions |
Education
The Governmental Accounting Standards Board (GASB) Statement No. 96, subscription-based IT arrangements (SBITAs) is effective for the District’s 2023 year-end. This Statement’s objective is to require recognition of certain lease […]
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The Ripple Effect of Failed Banks
March 17th, 2023
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Wealth Management |
Small & Midsize Businesses
Several banks have come under scrutiny as depositors have lost trust in the safety of their deposits and, so far, three banks have failed: Silvergate Bank, Silicon Valley Bank, and […]
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President Biden’s Proposed Budget Includes Notable Tax Provisions
March 16th, 2023
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Accounting & Outsourced Solutions |
Tax |
Affordable Housing |
Cannabis |
Construction |
Education |
Employee Benefit Plans |
Manufacturing |
Nonprofit |
Small & Midsize Businesses |
Telecommunications
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous […]
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U.S. Supreme Court Rules Against the IRS on Critical FBAR Issue
March 14th, 2023
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Accounting & Outsourced Solutions |
Tax |
Small & Midsize Businesses
The U.S. Supreme Court recently weighed in on an issue regarding a provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal. Its 5-4 ruling […]
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New Grant Program Available for Underfunded Local Government Pension Plans in Michigan
March 7th, 2023
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By Rod Taylor |
Consulting |
Financial & Retirement Planning |
Government
A new grant program has been created to help underfunded pension systems of local governments required to report under the Protecting Local Government Retirement and Benefits Act (PA 202 of […]