The PCAOB and Economic Analysis

The PCAOB has continued its focus on economic analysis in light of criticisms that the standard-setting body has not given enough consideration to the ... read more >

College Funding Strategies

Does the endlessly rising cost of college tuition keep you up at night? Strategies for funding higher education are never far from any parent’s mind. ... read more >

Final Revenue Recognition Standards Issued

Audit

By Donald Applegarth

The FASB has issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers: Topic 606, and the IASB has issued IFRS 15, Revenue ... read more >

Ohio's Commercial Activity Tax and Economic Nexus

On March 6, 2014, the Ohio Board of Tax Appeals ruled in favor of the Ohio Department of Taxation in determining that L.L. Bean, Inc. owed commercial activity ... read more >

IRS publishes final Regulations on Suspending or Reducing Safe Harbor Contributions to 401(k) and 403(b) Plans

ERISA

By Scott Rain

Over the years, many 401(k) and 403(b) plans have instituted safe harbor contributions in an effort to reduce the plan’s administrative burden, including ... read more >

Foreign Bank Account Reporting (FBAR)

Any U.S. person who has a financial interest in or signatory authority over foreign financial accounts must file Form 114 (Form TD F 90-22.1 was used for ... read more >

A Guide for the Guide: The DOL Issues Proposed Regulations Relative to Service Provider Fee Disclosures

ERISA

By Jason Lumpkin

The fiduciary provisions under the Employee Retirement Income Security Act of 1974 (“ERISA”) require retirement plan fiduciaries to “act ... read more >

Chinese Military Hacks Hit Home, Is Your Business Prepared?

Technology

By Dan Desko

Recently, the Department of Justice announced that it had indicted five Chinese Military officials for allegedly hacking into computer systems of a number ... read more >

IRS Office of Chief Counsel - Facility Upgrade Payments Are Includible in Income

On May 9, the IRS Office of Chief Counsel released a memorandum addressing the tax treatment for amounts that automobile dealerships receive from manufacturers ... read more >