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GASB 96 – Subscription-Based IT Arrangements
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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President Biden’s Proposed Budget Includes Notable Tax Provisions
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
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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HUD Issues Unique Entity Identifier Notice – RD Programs Will Also Need
On January 26, 2023, the U.S. Department of Housing and Urban Development (HUD) issued Notice H 2023–01, Unique Entity Identifier Replaces Dun & Bradstreet Data Universal Numbering System for Identification…
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What Semiconductor Organizations Need to Know About the CHIPS for America Act
– And how you can prepare to capture the opportunities it presents. The CHIPS for America Act is poised to provide significant opportunities for semiconductor organizations. Additional guidance from…
