McClintock Minute


Recent 2018-2 Spring Newsletter Articles

Regulatory Updates

By Michael T. Wherry, CPA June 22, 2018

With all the recent and potential regulatory changes being made or proposed by the current administration, it is a good time to take a quick review of some key regulatory items.  Regulatory compliance continues to be a “hot” topic and we don’t foresee this trend changing at a macro-level.  These...

Deferred Income Tax

By Thomas R. Wilson, CPA May 23, 2018

The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU No. 2015-17 – Income Taxes, Balance Sheet Classification of Deferred Taxes.  This ASU simplifies the presentation and disclosures of deferred income taxes. Current GAAP requires deferred income tax assets and liabilities to be separated into current and noncurrent...

2018 Retirement Plan Contribution Limits

By May 23, 2018

After three years of holding steady at $18,000, the amount you can contribute to your 401(k) workplace retirement plan rises up for 2018 to $18,500. The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2018, and that’s one of the changes that will help savers. Much stays...