SECURE Act and RESA Bills – Pooled Multiple Employer Plans (MEPs)
Multiple employer plans (MEPs) will be expanded if the Senate passes RESA, its version of the House’s SECURE Act. Under these bills, a new class…
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A Closer Look: SEC Proposal to Re-invent Quarterly Reporting
SEC Proposal to Re-invent Quarterly Reporting The SEC issued a Concept Release in December 2018 focused on interim reporting by US companies (the “Concept Release”.) Concept…
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Spring into Action with Audit Data Analytics (ADAs)
Is your firm still auditing the old school way? Has your firm considered incorporating Audit Data Analytics (ADA) into your audit strategy? Times are changing…
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Kiddie Tax Changes Adversely Affecting Military Families Receiving Survivor Benefits
Families of military service members who designated survivor benefits to a child have been surprised by higher tax liability due to changes in the kiddie…
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PCAOB Takes a Deeper Dive on Communication of CAMs
The Public Company Accounting Oversight Board (PCAOB) has published an additional staff guidance document, Implementation of Critical Audit Matters: A Deeper Dive on the Communication…
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3 Reasons Virtual Firms are More Successful
Just because a firm has been around for generations doesn’t mean it has to be stuck in the past. There’s no better proof than third-generation…
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GASB Issues Proposed Guidance on Cloud Computing and Subscription-Based Information Technology
The Governmental Accounting Standards Board (GASB) published the Exposure Draft, Subscription-Based Information Technology Arrangements. The Exposure Draft proposes new guidance on the accounting and financial…
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IASB Proposes Amendments to Four IFRS Standards
The IASB has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance and improvements of Standards. Background Annual improvements are limited…
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How to Add More Value to Your Audits
In today’s fast paced environment, it isn’t good enough anymore to ‘just be an accountant’. Customer intimacy, customer knowledge and the customer relationships you build…
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OVDP Replaced, New Voluntary Disclosure Practice for Offshore Assets
The IRS has a new voluntary disclosure practice for offshore assets. The new practice replaces replaced the Offshore Voluntary Disclosure Program (OVDP). Like OVDP, the…
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