The IASB and FASB Discussion Revenue Recognition...Again

IFRS

By Todd Lucas

The IASB and FASB met March 21 to 23, 2011 to further discuss joint projects that they are undertaking. The primarily focus of the meeting was to discuss ... read more >

Corporate Espionage and Cyber Threats

Recently, the cybersecurity firm McAfee Inc. issued a whitepaper titled Global Energy Cyberattacks: “Night Dragon,” in which they outlined ... read more >

IRS Declares Japan Earthquake and Tsunami a Qualified Disaster

On April 5, 2011, the Internal Revenue Service (IRS) issued Notice 2011-32 designating the Japan earthquake and tsunami as a qualified disaster for purposes ... read more >

Congress Finally Repeals Much Maligned 1099 Reporting Requirements

Tax

By Martin DiGiovine

On April 5, the United States Senate, by an 87-12 margin, passed H.R. 4, repealing the onerous 1099 reporting requirements contained in the Patient Protection ... read more >

Good News-IRS further delays Form W-2 health insurance coverage information reporting for small employers.

Health Care|Tax

By Ron Kramer

On March 29, 2011, the Internal Revenue Service (IRS) issued Notice 2011-28 (Notice) providing interim guidance that significantly relaxes the information ... read more >

The dilemma of rising fuel and transportation costs

For years companies in the transportation industry have dealt with the dilemma of how to maintain profit margins in an economic time where rising fuel ... read more >

Human Resources in an Auto Dealership Environment

When most auto dealers think about a human resource department or a human resource manager, they normally respond with a “not for me” approach. ... read more >

Treasury Secretary Geithner Calls for Enhanced Research Tax Credit as Part of Corporate Tax Reform

Tax

By Ron Kramer

In a speech on March 25, Treasury Secretary, Timothy F. Geithner, linked the passage of an enhanced and permanent research tax credit proposed by the Obama ... read more >

Preparing for the New SAS 70: SOC 1, 2 and 3

SSAE 18/SOC

By Holly Russo

Beginning June 15, 2011, three new Service Organization Controls (SOC) report options will replace SAS 70 reports. With the effective date just around ... read more >

Lease Accounting Simplification

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) (collectively, “Boards “) have been extremely ... read more >