Thought Leadership E-Articles

FASB’s Revenue Recognition for Not-for-Profits Effective December 31, 2019

Most of us are steeped in the implementation guidance for the new FASB reporting standard update beginning with December 31, 2018 year-ends, but right on its heels a year later for most not-for-...

Tax Implications of MLMIC Payouts – August 22nd Deadline

As you may be aware, Medical Liability Mutual Insurance Company (MLMIC) has begun the process of converting from a mutual insurance company to a stock insurance company.  MLMIC recently sent all...

Changes to NFP Reporting Standard Pt. 6

In our last thought leadership article relating to the Financial Accounting Standards Board’s ASU 2016-14’s “Presentation of Financial Statements of Not-for-Profit (NFP) Entities” we began the...

Changes to NFP Reporting Standard Pt. 5

The next component of the Financial Accounting Standards Board’s ASU 2016-14’s “Presentation of Financial Statements of Not-for-Profit (NFP) Entities” relates to the new expense reporting requirement...

Changes to NFP Reporting Standard Pt. 4

The Financial Accounting Standards Board (FASB) is striving for increased transparency so that readers of NFP financial statements will be able to tell how an organization is managing its financial...

Farmers to Reap Benefits from Provisions of the Tax Cuts and Jobs Act (TCJA)

There is often uneasiness regarding the unknown surrounding tax reform.  Business owners are left wondering if changes will impact them in a positive way.  It appears that changes made by...