Employee Benefit Plan and IRA Quick Reference Table
The Internal Revenue Service has announced the cost-of-living adjustments applicable to dollar limitations for various qualified retirement plans and other amounts for 2020. While the pension plan deferral and catch-up limits did not change, many of the annual pension...
Recommended Record Retention Schedule
View and/or print our recommended record retention schedule by clicking >>here<< or the linked picture below:
Not-for-Profit: Revenue Recognition Standard
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09 – Revenue from Contracts with Customers (Topic 606), which attempts to clarify the principles for recognizing revenue. Although the ASU was issued in...
Lease Standard Effects on Lessee
In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842) which provided a new model for lease accounting aimed to improve transparency and comparability across entities. Although the ASU...