In May 2014, new rules were implemented regarding how revenue is recognized for reporting purposes. The Financial Accounting Standards Board (FASB), released Accounting Standards Update 2014-09, Revenue from Contracts with Customers. This far-reaching change can potentially alter how most businesses operate and will substantially affect those businesses that enter into contracts with customers. The updated standard no […]

The healthcare reforms provided by the American Care Act (ACA) affect businesses of every size. Understanding what is required can be complex. However, failing to be in ACA compliance can result in penalties that can quickly add up to the millions of dollars. It is in your organization’s best interest to plan for and implement changes needed to be […]

In 2010, President Obama signed the Affordable Care Act (ACA) into law. ACA significantly impacts how employers offer, administer and keep records regarding health care benefits. Businesses that are not in ACA compliance face extensive fines. To avoid costly consequences and penalties, it is important that your organization understands the requirements of the ACA and what steps your organization must take to achieve ACA compliance. […]

The Affordable Care Act (ACA) was enacted in 2010 as a way to reform health care in the United States. Employer mandates for providing health coverage go into effect between 2014 and 2018. Despite the fact that failing to meet ACA compliance deadlines can result in costly fines, many businesses seem ill-prepared to meet the compliance and reporting requirements imposed […]

In January 2014, the Financial Accounting Standards Board (FASB) issued an update for accounting guidance of Service Concession Arrangements No. 2014-05. This amendment specifically applies to an operating entity of a service concession arrangement entered into with a public-sector entity grantor when the arrangement meets both of the following conditions: The grantor controls or has […]

This article was written by Alyssa Rausch, CPA, MBA. As the year draws to a close it is a perfect time for investors to think about any actions they want to take with their portfolio to reduce their tax bill. A couple of relatively simple year end tax planning strategies can be implemented by investors to lower […]

In May 2014, new rules were implemented regarding how revenue is recognized for reporting purposes. The Financial Accounting Standards Board (FASB), released Accounting Standards Update 2014-09, Revenue from Contracts with Customers.  This far-reaching change can potentially alter how most businesses operate and will substantially affect those businesses that enter into contracts with customers. The updated standard no […]

Succession planning is an important step in financial and operations planning for businesses of all sizes. Choosing the path for the business to follow is much more complicated and comprehensive than simply naming a sole successor. Using proven succession planning tools can help your business to multigenerational success.  The most important and useful succession planning tool businesses have […]

On September 10, 2014, New Jersey Governor Chris Christie signed into law an update to the state’s alimony law. The bill was a result of years of work by alimony reformers in NJ who aimed to alter existing alimony guidelines to address what were seen by them as unfair burdens on the higher earning spouse.  While […]