News & Insights
News
Insights
Recent Posts
- What are the Common Warning Signs of Financial Distress?
- Cost vs. Coverage: Renewing Your Business’s Employee Health Plan
- Restricted Gifts and Your Nonprofit’s Responsibility
- Charitable Contribution Deductions: What to Know for Your 2026 Tax Return
- Expecting a Big Revenue Year? Consider Tax Moves Before Year End
- Make More Timely Business Decisions with Interim Financial Reports
- When the Record Matters: Better Board Minutes for Nonprofits
- Consider an Installment Sale to Optimize Taxes When Selling Your Business
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Accounting for the Receipt and Expenditures of Emergency Connectivity Fund (ECF) Funding
Congress authorized the Emergency Connectivity Fund (ECF) as part of the American Rescue Plan Act of 2021 (CFDA/ALN 32.009). The ECF Program will cover reasonable costs of laptop and tablet…
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Accounting for Food Service-related Revenues and Expenditures (Updated)
NEW (January 2022): Accounting for Pandemic EBT (P-EBT) Local Costs Grant The P-EBT Local Level Administrative Cost Grant is a federal award (CFDA#10.649). Accounting guidance for these funds is as…
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Accounting for Emergency Relief Funds Under the American Rescue Plan Act
Revenue and Expenditure Recognition Considerations Elementary and Secondary School Emergency Relief (ESSER III) Formula Funds received under the American Rescue Plan (ARP) Act through MDE should be recorded as federal…
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ERISA Update and Outlook for 2022
Employers have spent the last two years dealing with many challenges and disruptions, and they are now looking to move forward in 2022 against a backdrop of economic and pandemic-related…
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2022 Deadlines and Important Dates for Plan Sponsors
Sponsors of defined benefit and defined contribution plans should keep the following deadlines and other important dates in mind as they work toward ensuring compliance for their plans in 2022.…