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Construction, Tax
Woodrow Morris | 7.23.2015

Home Builders and the Completed Contract Method of Accounting

For tax purposes, large construction contractors are generally required to utilize the percentage-of-completion method of accounting to report taxable

SD Medallion Services
Hope Van Wagenen | 7.23.2015

Will Giving America a Raise Help or Hurt? The New Overtime Pay Proposal

In 1938, President Franklin Delano Roosevelt signed a bill that marked a milestone for the United States' workforce. The Fair Labor Standards Act of

ERISA
Lara Fuller | 7.23.2015

Fidelity Bond Requirements

Recently, the Department of Labor (DOL) has issued a Q & A regarding key points that plan sponsors should know about ERISA’s fidelity bonding

Cybersecurity, Financial Services, Technology
Schneider Downs Professional | 7.22.2015

FFIEC Cybersecurity Assessment Tools Released - Are You Prepared?

Remember the FFIEC Pilot Program? The assessment is here! On June 30, 2015, the Federal Financial Institutions Examination Council (FFIEC) released its

Business Advisors, Due Diligence , Transaction Advisory Services
Schneider Downs Professional | 7.22.2015

Quality of Earnings Reports in M&A Transactions

Performing thorough due diligence is a must in M&A transactions. The acquirer will often want a Quality of Earnings (Q of E) report prepared by an

Energy & Resources
Schneider Downs Professional | 7.21.2015

What the Iran Nuclear Deal Could Mean for U.S. Oil Companies

The latest news cycles have been dominated by talk of a deal between world powers, including the United States (U.S.) and Iran, regarding Iran’s

ERISA, Not-for-Profit, Tax
Jenna Zelenski | 7.20.2015

Attention 403(b) Plan Sponsors! Relief May Be On The Way!

The Internal Revenue Service (IRS) Advisory Committee on Tax Exempt and Government Entities (ACT) recently released its 2015 Report of Recommendations.

Higher Education, Not-for-Profit
Susan Kirsch | 7.17.2015

Financial Outlook Improves for Colleges and Universities

A U.S. Higher Education In-Depth Sector Report issued July 6, 2015 by Moody’s Investor Services states that during 2014 the higher education sector

Not-for-Profit
Trevor Warren | 7.16.2015

Not-for-Profit Reporting Model - Part 4: Functional Expense Allocation Review

Given the time of year, many tax-exempt organizations are currently going through their year-end close and may be preparing for an upcoming financial statement

Internship
Kevin Mechas | 7.16.2015

Preparation was Stressful, but Well Worth It

My Audit Experience It had been a goal of mine to get an internship in public accounting for the summer after my junior year. People would always tell

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