News & Insights

Businesses, Be Prepared to Champion the Advantages of an HSA

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With concerns about inflation in the news for months now, most business owners are keeping a close eye on costs. Although it can be difficult to control costs related to […]

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What is a SBITA?

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  GASB 96 (Governmental Accounting Standards Board Statement No. 96) provides guidance for governmental entities’ accounting and financial reporting of subscription-based IT arrangements (SBITAs).  Subscription-based information technology arrangements (SBITAs) are […]

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MPSERS 147c(2) One-Time Deposits

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The State School Aid Act was recently amended to include one-time distributions under section 147c(2) to participating districts of the Michigan Public Schools Employees Retirement System. These additional payments will […]

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GASB 96 – Subscription-Based IT Arrangements

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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

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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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