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IRS releases 2022 retirement plan limitations
The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.
Social and climate costs bring back IRA proposals
A summary of the IRA proposals that were included in the most recent revision of the social and climate spending bill.
Financial institutions and the phase out of LIBOR
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
2021 Effective Date Reminder
This document lists pronouncements that became effective on or after Jan. 1, 2021 or are not yet effective as of Nov. 1, 2021.
Proposed changes to interim disclosure requirements
A recent proposed ASU addresses disclosure requirements for entities preparing interim financial statements and notes.
Financial outsourcing for business services companies
Finance and accounting outsourcing (FAO) for business services allows you to maximize your time with your clients.
President Biden signs American Rescue Plan Act of 2021
$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.
2021 Audit Committee Transparency Barometer
The Center for Audit Quality and Audit Analytics recently released their 2021 Audit Committee Transparency Barometer.
Accounting for acquired revenue contracts with customers
The FASB recently addressed how an acquirer should recognize and measure revenue contracts acquired in a business combination.
Mitigations and Hardening Guidance for MSPs and Small and Mid-sized Businesses
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
FASB project updates: ASC 326, Financial Instruments – Credit Losses
The FASB recently provided two project updates related to its post-implementation review of Accounting Standards Update 2016-13.
Private company practical expedient
The FASB recently provided a practical expedient to private companies that issue equity-classified share-based awards.
Nonqualified deferred compensation plans and payroll tax withholding
One of the most common issues overlooked by employers relates to the special timing rule in section 3121(v)(2).
Approaching deadline for COVID-19-related cafeteria plan amendments
By Dec. 31, 2021, any employer that made COVID-19-related changes to the operation of its cafeteria plan must adopt formal amendments.
How advanced technologies can streamline supply chains
Advanced technologies can help manufacturers achieve better situational awareness of their supply networks. Learn more.