News & Insights
What’s in the Fiscal Responsibility Act?
June 5th, 2023
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Accounting & Outsourced Solutions |
Consulting
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — […]
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How To Develop a Responsible Local Government Budget Process
May 25th, 2023
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By Rod Taylor |
Accounting & Outsourced Solutions |
Consulting
A local government’s budget establishes its vision, strategy, and priorities, and communicates those to its employees and citizens. It could easily be considered one of the most critical tasks appointed […]
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The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
May 23rd, 2023
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Accounting & Outsourced Solutions |
Tax
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of […]
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Social Security’s Future: The Problem and the Proposals
May 18th, 2023
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Accounting & Outsourced Solutions |
Tax |
Wealth Management
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American […]
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Is That a Lease? A Focus on Nonprofit Lease Considerations under ASC Topic 842
May 9th, 2023
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Accounting & Outsourced Solutions
While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing standard by nonprofit organizations is bringing into focus some unique considerations that […]