In an effort to provide clarity to credit unions on applying a risk-based approach to BSA due diligence for charities and nonprofit organizations, FinCEN, in
On September 17th, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 on Topic 958, Presentation and Disclosures by Not-for-Profit Entities for
The Tax Cuts and Jobs Act of 2017 (TCJA) established section 199A to help reduce income tax liability for individuals, trusts, and estates to parallel
Once again, Congress has passed tax legislation just before Christmas. This year, the tax provisions were attached to an enormous spending bill. The tax portion
If your company gets revenue from contracts with customers, as construction companies do, you’d better be ready for ASC 606, the new revenue recognition standard