Archive for December, 2014

Nonprofits may be eligible for a refund

Credit is available with or without generating unrelated business income by tax-exempt organizations.

Disallowed losses: Is your organization at risk?

In recent years, congress and the IRS have┬áincreased scrutiny of exempt organizations, particularly regarding those organizations’ unrelated business incomes – otherwise known as UBI.

FASB releases update for pushdown ASU to impact oil & gas industry

The Financial Accounting Standards Board recently released Update No. 2014-`17 for November 2014, known as Business Combinations Topic 805.

Omni Circular changes in full effect by January 2015

The office of Management and Budget is attempting to make good on its vow to streamline guidance for costs principles, audits and administrative requirements associated with federal awards.