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Accounting News
Revenue 606 Disclosures for Private Companies
Andrew Wan, CPA, CFE, is the leader of our Emerging Markets and Small to Medium Sized Business Practice Groups. He is an expert in IT...
How Will the New California Consumer Privacy Act (CCPA) Impact My Business?
Andrew Wan, CPA, CFE, is the leader of our Emerging Markets and Small to Medium Sized Business Practice Groups. He is an expert in IT...
IRS Explains How Nonprofits Can Claim Parking Tax Refunds
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 repealed Internal Revenue Code Section 512(a)(7). This Section had imposed unrelated business income tax on the qualified parking and transportation fringe benefits that nonprofit organizations provided to...
Taxpayers Should Remember These Tips When Searching for a Tax Preparer
The tax filing season is upon us, and if you are looking for a service provider to help file a tax return, make sure you choose your tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax...
How Should Tech Companies Treat the Accounting of Software Development Costs?
Many start-up or high growth technology companies (such as software-as-a-service or SaaS companies) face a significant amount of initial costs in the creation of their software that will later be sold or utilized to serve customers. Often times, questions arise from...
Financial Instruments – Credit Losses (CECL – Current Expected Credit Losses)
OVERVIEW In June of 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (CECL – Current Expected Credit Losses), which requires a financial asset (or a group of financial assets) measured at amortized cost basis to be...
Have you considered getting a System and Organization Controls Report (SOC) over your Cybersecurity Controls?
In May of 2017, AICPA issued a new framework to its suite of System and Organization Controls Reports (SOC) to allow organizations to obtain an audit over an organization’s Cybersecurity Risk Management Program and Controls. This framework is designed to be flexible...
Larson & Company’s 2020 Employee Wellness Program Shares the World’s Healthiest Habits
Each year from January to April, Larson & Company chooses to offer a wellness program to all employees in an effort to help employees maintain wellness through a stressful and busy time of year. In 2020, all Larson employees have been invited on a virtual travel...