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FEDERAL PAYROLL LAWS FOR NONPROFIT ORGANIZATIONS

The Payroll Company Payroll laws for nonprofit organizations can be challenging, as they require dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the DOL, and the federal tax code, which is governed by the IRS. Read More

Topics Every Accountant Should Address with Clients

The relationship between accountant and client is a relationship based on open communication and the exchange of relevant ideas, and this serves as the basis for decision making. Without the exchange of ideas between client and accountant there is no value added to the decision making process. Key to the relationship between both client and

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What You Should Know About the New Lease Accounting Rules (ASU 2016-02 Leases – Topic 842)

As noted in recent reports, current US Generally Accepted Accounting Principles (GAAP) as prescribed by Accounting Standards Codification (ASC 840) focuses on whether the lease transfers substantially all of the risks and rewards of ownership. The new guidance, codified as ASC Topic 842, Leases, introduces a right-of-use model, which shifts from the risks and rewards approach

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