Real Estate Sector Moving on up to the S&P 500 Side

Effective September 1, 2016, the Global Industry Classification Standard (GICS), the basis for the S&P and MSCI indices, will be updated to include ... read more >

Introducing CN 2.1: Redefining Charity Navigator's Star Rating System

Charity Navigator, a not-for-profit watchdog agency, focuses its metrics on financial health and accountability and transparency. On June 1, 2016, Charity ... read more >

Financial Statement Restatement Trends

Filing incorrect, incomplete or inaccurate forms and financial information is always a concern for public companies filing with the SEC. If it is determined ... read more >

The Bipartisan Manufacturing Competitiveness Bill and What It Could Mean to the U.S. Manufacturing Industry

On April 13, the House Ways and Means Committee introduced the American Manufacturing Competitiveness Act of 2016 (the "Act"), which was eventually ... read more >

The New War on Tax Avoidance

Is no place safe for large multinationals to engage in tax planning? It seems that the current mantra is “pay your fair share” — uttered ... read more >

PCAOB Rule to Improve Audit Transparency Approved by the SEC

On May 10, 2016, the Securities and Exchange Commission (SEC) approved the Public Company Accounting Oversight Board (PCAOB) rules that are aimed to improve ... read more >

Is Your Construction Company Treating Automobile Allowances Correctly?

A recent post on the Construction Financial Management Association (CFMA) website posed the question, “Are car allowances always taxable?” ... read more >

Tax Treatment of Deferred Revenue in a Taxable Stock Acquisition

The general rule under Internal Revenue Code §451 is that an item of income shall be included in gross income for the taxable year or receipt unless ... read more >

A Reminder on the Reporting of Foreign Banks and Financial Accounts (FBAR)

An important deadline is coming up for taxpayers who have an interest in foreign financial accounts with an aggregate value of $10,000 or more at any one ... read more >