UPDATE: FASB Votes to Defer Effective Date of the New Revenue Recognition Standard

Audit

By Nick Lombardo

Updated from an earlier posted Schneider Downs article regarding the deferral of ASU No. 2014-09. The Financial Accounting Standards Board (FASB) had a ... read more >

Hotcakes and Taxes: A Schneider Downs Tradition

180 eggs. 15 pounds of sausage links. 125 slices of French Toast. All the pancakes you could eat. It must be busy season. As the traditional accounting ... read more >

2014 Form 990 Schedule B Instructions Clearly Address Use of the Special Rule

In January, 2014, we published an article addressing the use of the special rule for reporting contributions on Schedule B, Schedule of Contributors, of ... read more >

Colleges and Universities Re-evaluate Cost-Cutting Approaches

Recent issues of the Chronicle of Higher Education have highlighted the fresh approaches that a few different schools have taken and how these approaches ... read more >

Governor Wolf's Proposed Corporate and Personal Income Tax Changes

Newly elected Pennsylvania Governor Tom Wolf released his initial budget proposal, and as anticipated, it contains several modifications to Commonwealth's ... read more >

Pennsylvania Budget - Proposed Sales Tax Changes

Pennsylvania Governor Tom Wolf announced his budget to the joint session last week and proposed an increase to the state sales tax rate and an expanded ... read more >

Next-Shoring: The Next Big Thing

First there was off-shoring (moving a production to emerging markets to take advantage of low-cost labor). Then there was re-shoring (returning production ... read more >