Archive for May, 2014

The essentials of the FASB’s new credit impairment model

The Financial Accounting Standards Board (FASB) recently proposed a revised credit impairment model that would facilitate more efficient recognition of credit losses, specifically those of assets unaccounted for at fair value through net income.

Why IRS offers in compromise are so rarely obtained

OIC acceptance is quite rare, thanks to specific criteria that are difficult to meet for many taxpayers. 

The many benefits of donor-advised funds

Donor-advised funds offer an effective means of providing contributions to charitable organizations while still allowing for the contributors to maintain most of the decision-making power. 

SEC member calls for more accountability and engagement from business officials

At a recent conference in Atlanta, Luis Aguilar of the Securities and Exchange Commission made a speech that called for more accountability, transparency and general engagement from senior officials of businesses throughout the country.