Insights

The state of automation

The state of automation

Learn how automation is rapidly evolving and creating value for organization by increasing efficiencies during this live webcast.
Understanding the qualified small business stock gain exclusion

Understanding the qualified small business stock gain exclusion

Section 1202 could provide small business investors with a complete exemption of gain realized from the sale of QSB stock.
Division of Investment Management addresses accounting matters

Division of Investment Management addresses accounting matters

The Chief Accountant of the SEC Division of Investment Management recently addressed certain financial reporting matters.
FASB Codification improvements

FASB Codification improvements

A recent FASB ASU makes minor technical corrections and clarifications to the Accounting Standards Codification.
Proposal to clarify scope of reference rate reform guidance

Proposal to clarify scope of reference rate reform guidance

A recent proposed ASU would clarify the scope of ASC 848 with respect to certain transitions in the derivatives market.
SBA publishes loan necessity questionnaire for PPP borrowers

SBA publishes loan necessity questionnaire for PPP borrowers

Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA.
Proposal: Modifications of forwards and options, including warrants

Proposal: Modifications of forwards and options, including warrants

A recent FASB proposal addresses the accounting for modifications or exchanges of certain equity-classified forwards and options.
Proposed updates to ASC 842

Proposed updates to ASC 842

The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
FASB amends certain debt-related disclosures pursuant to SEC Release

FASB amends certain debt-related disclosures pursuant to SEC Release

The FASB recently amended its Codification to reflect certain required financial statement disclosures in SEC Release 33-10762.
COVID-19-related payment info

COVID-19-related payment info

This issue outlines the various funding sources for COVID-19-impacted senior living providers, along with related payment requirements.
Borrower’s accounting for debt restructurings and modifications

Borrower’s accounting for debt restructurings and modifications

A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
2020 Effective Date Reminder

2020 Effective Date Reminder

Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.
Top 5 missteps to endowment management under UPMIFA

Top 5 missteps to endowment management under UPMIFA

Are you managing your endowment funds under the current rules? See how you match up to these common issues in the application of UPMIFA.
Nine research and development tax credit myths costing you money

Nine research and development tax credit myths costing you money

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
NOL deductions may be protected with change of fiscal year

NOL deductions may be protected with change of fiscal year

For corporations with NOLs that anticipate 2021 income, a change of fiscal year may mitigate the impact of the 80% NOL deduction limitation.