Our Thoughts On Archive

Can For-Profit Subsidiaries of Not-for-Profit Entities elect to Amortize Goodwill under ASU 2014-02?

In January 2014, FASB issued ASU No 2014-02, Intangibles- Goodwill and Other, allowing private companies the option of amortizing goodwill over a 10-year

Identity Protection Personal Identification Numbers

One of the fastest-growing crimes in America is identity theft. A stolen identity can easily be used to cover the tracks of many criminals as they fraudulently

Newly Proposed Tax Abatement Disclosures

The Governmental Accounting Standards Board (GASB) issued an Exposure Draft on tax abatement disclosures in October 2014. Changes to standards can affect

Employers with Fewer than 250 Employees are Not Required to Report Employer-Provided Health Coverage

Beginning in January 2013, The Affordable Care Act requires an employer to report the total cost of employer-provided coverage to each of its employees

FASB Simplifies Accounting for Intangible Assets in a Business Combination

The FASB, Financial Accounting Standards Board, has issued Accounting Standards Update (ASU) No. 2014-18, Business Combinations (Topic 805): Accounting