Article
Financial Reporting in Uncertain Times for Local Governments
In today’s ever-changing environment, local governments may encounter a significant impact on gove...
July 06, 2020
Article
Compliance Consideration Under Coronavirus Relief Funding
Learn more about compliance considerations under the Coronavirus Relief Funding, including available...
July 02, 2020
Article
July 15 Postponed Deadline for Most Tax Returns, Payments and Items
IRS postponement to July 15, 2020, for federal income tax returns, payments, and other time-sensitiv...
June 26, 2020
Article
Maximum Employee Retention Credits
Non-government employers should claim the maximum employee retention credits available right now, po...
June 26, 2020
Article
IRS Takes Steps to Reopen Facilities
With the postponed July 15 tax-filing deadline looming, the IRS is continuing to bring back employee...
June 26, 2020
Article
Significant Change in Accounting and Disclosures for Lease Arrangements
Learn more on GASB 87 and common lease accounting decision points on contracts management where the ...
June 26, 2020
Article
Federal Tax Deadlines Postponed for Victims of Southern Storms
Business and individual taxpayers in Mississippi, Tennessee, and South Carolina may qualify for disa...
June 26, 2020
Article
IRS Provides Extended Balance Due Dates
Due to the pandemic, the IRS is providing taxpayers who receive balance due notices with expired dat...
June 26, 2020
Article
Carryback of Net Operating Loss by Certain Exempt Organizations
New guidance provides that CARES Act NOLs can be carried back and deducted against aggregate UBTI in...
June 26, 2020
Article
GASB Hearing on Notes to Financial Statement Exposure Draft
The Governmental Accounting Standards Board has scheduled a virtual public hearing on its Exposure D...
June 26, 2020
Article
North Carolina Changes to Sales Tax on Digital Property
North Carolina Governor signed a bill to reduce the sales tax burden on schools and business deliver...
June 19, 2020
Article
GASB Proposed Bulletin on CARES Act Reporting
GASBs recent bulletin will provide real life guidance and examples of how to account and report for ...
June 19, 2020