Featuring: Tom Byers and Jerry Beard

The U.S. Supreme Court only Monday overturned Maryland’s “piggyback” local taxes on out-of-state income, but accountants say amended tax returns already had been filed in anticipation of the decision. In this article by The Daily Record’s Daniel Leaderman, Director Tom... Continue Reading

Recommended By: Jared Rosen

To avoid breach of fiduciary duty claims in the future, retirement plan sponsors need to reexamine the investment policy statement for their 401(k) plans to make sure they are doing enough to make sure workers’ retirement funds are invested in... Continue Reading

Recommended By: Kim Fusco

FASB is proposing many changes to the financial reporting standards for not-for-profit organizations.  The net asset classification will change from the current three class structure (unrestricted, temporarily restricted, and permanent restricted) to a two class structure (with donor-imposed restrictions and... Continue Reading

By: Private: Carl Kampel

The American Institute of Certified Public Accountants (AICPA) released guidance for evaluating certain assumptions used in developing actuarial liabilities for defined benefit pension plans. Actuarial information related to the present value of future obligations is required to be disclosed in... Continue Reading

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