News & Insights
Businesses, Be Prepared to Champion the Advantages of an HSA
April 28th, 2023
|
Accounting & Outsourced Solutions
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 […]
READ MORE
What is a SBITA?
April 7th, 2023
|
Accounting & Outsourced Solutions
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 […]
READ MORE
MPSERS 147c(2) One-Time Deposits
March 17th, 2023
|
Accounting & Outsourced Solutions
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 […]
READ MORE
GASB 96 – Subscription-Based IT Arrangements
March 17th, 2023
|
Accounting & Outsourced Solutions
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 […]
READ MORE
President Biden’s Proposed Budget Includes Notable Tax Provisions
March 16th, 2023
|
Accounting & Outsourced Solutions |
Tax
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 […]