Monthly Archives: June 2018

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FASB clarifies accounting for grants and contributions

The ASU seeks to simplify accounting for grants and similar contracts awarded by governments to not-for-profits.
Source: JOA News
Read More here – FASB clarifies accounting for grants and contributions


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Supreme Court overturns Quill’s physical presence requirement

The U.S. Supreme Court held that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in the state.
Source: Tax News
Read More here – Supreme Court overturns Quill’s physical presence requirement


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Supreme Court overturns Quill’s physical presence requirement

The U.S. Supreme Court on Thursday held that states can assert nexus for sales and use tax purposes without requiring a seller’s physical presence in the state.
Source: JOA News
Read More here – Supreme Court overturns Quill’s physical presence requirement


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News quiz: Hiring and trade on finance leaders’ minds

The quarterly Business and Industry Economic Outlook Survey prompted a couple of news reports in the JofA in recent weeks. One focused on plans for hiring, while the other looked at concerns about trade.
Source: JOA News
Read More here – News quiz: Hiring and trade on finance leaders’ minds


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FASB simplifies accounting for share-based payments to nonemployees

FASB released an Accounting Standards Update (ASU) designed to improve the financial reporting for share-based payments issued to nonemployees for goods or services.
Source: JOA News
Read More here – FASB simplifies accounting for share-based payments to nonemployees


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AICPA report: Seniors increasingly targeted for investment fraud

Scams aiming to reach retirement accounts are becoming progressively more sophisticated.
Source: JOA News
Read More here – AICPA report: Seniors increasingly targeted for investment fraud


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SEC unveils goals for next 4 years

The three goals’ aim is to help the commission improve its ability to react to and employ new technologies.
Source: JOA News
Read More here – SEC unveils goals for next 4 years


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How to improve workflow to achieve operational excellence

Process improvements in three key areas can improve workflow and provide finance with more time for analysis and advisory duties.
Source: JOA News
Read More here – How to improve workflow to achieve operational excellence


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Tony Hawk: Accountants help make dreams become reality

Skateboarding legend Tony Hawk credited his accountants with making his ventures successful and shared lessons he learned from being an entrepreneur.
Source: JOA News
Read More here – Tony Hawk: Accountants help make dreams become reality


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Disguised-sale partnership regs. withdrawn

The IRS announced that it was withdrawing temporary regulations on the treatment of partnership liabilities for disguised-sale purposes and proposing to reinstate the old rules.
Source: JOA News
Read More here – Disguised-sale partnership regs. withdrawn