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Recent 2018-1 Winter Newsletter Articles

Tax Reform and How it Affects You

February 1, 2018

  By Kelly Brennan On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act. The Act is the largest overhaul of the Internal Revenue Code in over 30 years, affecting every taxpayer. It includes reductions in the tax rates for both individual and businesses, the elimination or…

Statement of Cash Flows Update

By Jennifer DeBor, CPA February 1, 2018

  By Jennifer Debor, CPA The Financial Accounting Standards Board (FASB) issued two accounting standard updates (ASU), ASU 2016-15 and ASU 2016-18, that impact the presentation of an organization’s statement of cash flows.  Both ASU’s are effective in 2019 for non-public entities, or in FASB’s terminology ‘for fiscal years beginning…