Revenue Recognition, Second in a Series: Back to the Future

As a part of Accounting Standards Update 2014-09 (ASU 2014-09): Revenue from Contracts with Customers, Financial Accounting Standards Board (FASB) entities ... read more >

IRS Highlights Offshore Compliance Programs Achievements and Encourages Taxpayers to Enter the Programs

The IRS’s recent news release shows that the agency has passed several big milestones in moving forward with increasing compliance. Back in 2009, ... read more >

Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016

Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies ... read more >

PCAOB Standard Setting Agenda: What Audit Committee Members Should Be Aware Of

Quarterly, the PCAOB releases its Standard Setting Agenda, which is used to share topics that are on the forefront of change or consideration. The most ... read more >

Further Scrutiny of College and University Endowments

On September 13, 2016, the House Ways and Means Subcommittee on Oversight held the first of several anticipated hearings to address the manner in which ... read more >

What Do Infrastructure Spending, the IRS and Passports have in Common?

International|Tax

By Kim Shields

While America was busy planning for the holidays, on December 4, 2015, President Obama signed the five year Fixing America’s Surface Transportation ... read more >

Postcard from the PICPA's Annual Construction Update

I recently attended the Pennsylvania Institute of Certified Public Accountants (PICPA) annual construction update. The update focused on several topics, ... read more >