Residential Land Developers and the Completed Contract Method of Accounting
Under IRC Section 460(e), taxpayers that have large home construction contracts could defer taxable income until 95% of estimated costs have been incurred. ... read more >
Under IRC Section 460(e), taxpayers that have large home construction contracts could defer taxable income until 95% of estimated costs have been incurred. ... read more >
Often, some of the most helpful tools can be hiding in plain sight! The United States Department of Labor has an informative Frequently Asked Questions ... read more >
Recently, the Financial Accounting Standards Board (“FASB”) discussed whether and how to change the subsequent (post-transaction) accounting ... read more >
Schneider Downs has released a detailed whitepaper, Employer’s Guide to the New ACA Reporting Standards. This whitepaper was developed to provide ... read more >
As not-for-profits wind down the current year and solidify planning for the upcoming year, there is a new category to add to your checklist, subrecipient ... read more >
On December 4, 2015 President Obama signed the “Fixing America’s Surface Transportation Act” which was recently passed by the Senate ... read more >
As organizations look to gain a better handle on their procurement process, provide an additional level of control and help to either control or reduce ... read more >
The IRS issued Notice 2015-82 on November 24, 2015, stating that taxpayers without an applicable financial statement can elect to deduct purchases of tangible ... read more >
Auto dealerships budget and spend, on average, close to 1% of sales on advertising and other marketing efforts. It may not seem like a large expense, but ... read more >
On November 12, I attended a reception in Detroit sponsored by the German American Chamber of Commerce of Midwest Michigan. The Key Note speaker was Mchigan ... read more >