Will Proposed Changes in the Way to Recognize Revenue Affect You?


By Erin Abbot

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have jointly developed a new revenue recognition project.  The project’s objective is to clarify the principles for recognizing revenue and to create a joint revenue recognition standard for U.S. GAAP and IFRS that companies can apply consistently across various industries and transactions.... read more >

FASB and IASB Reach Lease Accounting Decisions


By Donald Applegarth

At their May 17, 2011 meeting, the FASB and IASB reached several tentative decisions relative to lease accounting: Leasee Accounting – The Boards ... read more >

Disasters Happen - Are You Prepared?

We are only half way through this year and already billions of dollars of damage has been dealt to the United States due to severe flooding along the Mississippi ... read more >

FBAR Due Date is June 30, 2011


By Ron Kramer

The deadline for filing the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1 (FBAR) for calendar year 2010 is fast approaching. These reports ... read more >

The CPA Exam for a Global Standard

In January 2011, the CPA exam underwent its largest transformation since it was converted from a paper and pencil exam to computer-based in 2004. Some ... read more >

Annual AICPA Not-for-Profit Conference

The annual AICPA Not-for-Profit Conference will be held next week in Washington, D.C. Members of the Schneider Downs Nonprofit Industry Group will be joining ... read more >

Questions Most Frequently Asked about Marcellus Shale by Property Owners

What is Marcellus Shale? The Marcellus shale is an organic-matter-rich rock formation that holds large reserves of natural gas. The Marcellus shale formation ... read more >

Employer-Owned Life Insurance and IRS Form 8925


By Rachelle Kulback

The Pension Protection Act of 2006 added new provisions to the Internal Revenue Code at Section 6039I regarding employer-owned life insurance. Any employer ... read more >

Consider a Self-Audit for Your Dealership's Payroll


By Steven Barber

Recently, we have seen the U.S. Department of Labor (DOL) increase its investigations of dealerships’ payrolls. The DOL’s focus has been the ... read more >

Significant Tax Changes May Be In Store for Ohioans


By Kathleen Myers

There are a few significant tax changes that are currently being considered by the Ohio Senate. These possible changes include the elimination of Ohio’s ... read more >