Reduce Your Taxable Income with the Percentage-of-Completion (10% Method)

Internal Revenue Code (IRC) Section 460(b)(5) allows taxpayers to defer the gross profit on contracts under the percentage-of-completion method of accounting ... read more >

Credit for Small Employer Health Insurance Premiums Available for Tax-Exempt Entities

Not-for-Profit

By Gene Logan

Beginning in 2010, certain small employers can claim a credit for health insurance premiums paid. If a taxpayer qualifies, the credit can be used to reduce ... read more >

Like-Kind Exchanges: Tax Deferral Strategies on a Sale of Property

Many taxpayers looking to grow their business, changing their real estate investment strategy, or receiving an offer they just can’t refuse to sell ... read more >

Improvements to Employee Benefit Plan Accounting Are Coming

ERISA

By Jenna Zelenski

After years of disclosures for employee benefit plan financial statements continually expanding, the Financial Accounting Standards Board (FASB) unanimously ... read more >

Proposed Lease Standard Facing Congressional Opposition

Construction

By Ryan Deatrick

A recent op-ed in the Wall Street Journal written by congressmen Brad Sherman (D-CA) and Peter King (R-NY) expresses serious concern that the potential ... read more >

Fraud in the Not-for-Profit Sector

Not-for-Profit

By Amy Kletch

When one thinks of the not-for-profit sector, fraud is not a typical thought. Who among the general population would think to steal from a not-for-profit ... read more >

Taxpayers Will Be Limited to One Tax-Free Rollover Per Year

The Internal Revenue Service has issued guidance on the January 2014 decision by the U.S. Tax court to limit the number of Individual Retirement Accounts ... read more >

'Tis the Season to Be... Notified: 401(k) Plan Sponsors and Notification Requirements

401(k) Plans

By Jason Lumpkin

If you are a sponsor of a 401(k) plan for your employees, chances are that your plan is subject to one or more “notification requirements” ... read more >