Sweeping Tax Overhaul Signed Into Law
(Dec. 22, 2017) President Trump has now signed the Tax Cuts and Jobs Act (H.R. 1) into law. This bill provides the most sweeping change
Government Lessees Beware – How Leases are Accounted for is About to Change
If you are a state or local government agency, a lot is about to change. The Government Accounting Standards Board (GASB) issued new guidance (GASB
Deducting or Amortizing Start-up Costs and Organizational Costs
The Benefits of Preparing a Comprehensive Annual Financial Report (CAFR)
The Government Finance Officers Association (GFOA) reports that 4,231 organizations received the Certificate of Achievement for Excellence in Financial Reporting in 2016. That is just
Rebuilding Resources for Individuals and Businesses Affected by Hurricane Harvey
Our hearts go out to all of you affected by Hurricane Harvey and its aftermath. As a Gulf Coast company with offices in Houston and
The Tax Consequences of Reimbursed and Unreimbursed Employee Expenses: What Employers and Employees Need to Know
Employees are typically reimbursed for business expenses that are ordinary and necessary. Generally, ordinary expenses are considered as common in a line of business where
How will the new lease accounting standard affect your business?
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial
Introducing New Legislative Auditor Statewide Agreed-Upon Procedures
New changes to the Federal Audit Clearinghouse data collection form
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How will President-elect Trump’s tax plan affect individuals and businesses?
As President-elect Donald Trump’s inauguration gets closer, businesses and individuals alike wonder how the new administration’s tax policies will affect them.
What you need to know about tax relief and extension deadlines for Louisiana storm victims
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Does Your Employee Benefit Plan Need an Audit?
Employee benefit plans must file an annual independent auditor’s report with the U.S. Department of Labor through a Form 5500, as well as any other applicable schedules and financial statements.