News & Resources

Preparing for Year-End Inventory Counts

  How accurate is the amount reported in your company’s perpetual inventory system? To best answer that question, a physical count is essential at year end. For calendar-year entities, year end is fast approaching on December 31. Planning Tips Though

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Tax and Other Financial Consequences of Tax-Free Bonds

  If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be tax consequences. Here’s how

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New Accounting Rules for Supplier Finance Programs

  Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that time, you must disclose

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Investing in the Future With a 529 Education Plan

  If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code section that provides for

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National Taxpayer Advocate Issues Midyear Report

  National Taxpayer Advocate issues midyear report to Congress; expresses concern about continued refund delays and poor taxpayer service. National Taxpayer Advocate Erin M. Collins today released her statutorily mandated midyear report to Congress. The report expresses concern about continuing delays

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FASB Proposes Last-Minute Changes to Lease Accounting Rules

  Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect this year. Public entities

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