Accounting Updates

Rate Rebasing Reminder

Below is the October 3, 2018 memo released by the Office for People with Developmentally Disabilities regarding the next re-basing date. The CFRs filed for the calendar year ended December 31, 2017 and the fiscal year ended June 30, 2018 will be utilized to establish...

Taxation of Fringe Benefits

Many companies use fringe benefit programs as a tool for attracting and retaining talented employees. These programs have become especially vital as the “War for Talent” has gotten more competitive and benefit programs have become more widely known. What was once...

Benefits for Private School Students and Teachers from State Education Programs

With smaller class sizes, increased interactive learning, and extracurricular activities, private schools serve as a valuable alternative to public school education. The main source of revenue for private schools is from tuition, private grants, or alumni, whereas...

How is your school ensuring Parents stay involved?

You know your students benefit from having parents involved in education. Both common sense and research support the relationship between student success and parental involvement, but are the parents of your student body really getting involved in a proactive way?...

Private Schools… The Value Proposition

Nonpublic schools, from religious educational schools to preparatory schools, have been meeting the educational needs of students while providing a unique learning environment. Over 60% of parents enroll their students in private schools because of the promise of a...

Topic 606: Revenue Recognition and the Five Step Revenue Recognition Model

In April 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), with various clarifying amendments since. This ASU applies to organizations that enter into...

Proposed New Guidance for Cloud Computing Arrangements (CCAs)

The “Cloud” is an oft-misunderstood, but always overused term these days. Many companies are moving software applications from their internal servers to those hosted in the Cloud. Whether it’s QuickBooks Online, Office 365, Outlook, Salesforce, or something more...

FASB Update Implementation Guidance

The Financial Accounting Standards Board (FASB) is the private institution responsible for promulgating accounting standards generally accepted in the USA (GAAP). In short, the FASB sets the standards that we all must follow when presenting GAAP-basis financial...

Accounting Standards Update (ASU) 2015-01 – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items

In 2015, the Financial Accounting Standards Board (FASB) issued an ASU that eliminated the presentation of extraordinary items in income statements. The ASU has been in effect since 2016, but, in practice, we’re seeing that many entities are unaware of this ASU. In...

Proposed Nonprofit Accounting Standards Update (ASU)

The Financial Accounting Standards Board (FASB) has issued an Exposure Draft of a proposed ASU that may change how revenue is recorded by non-profit organizations. The accounting world has been turned upside-down recently, with revenue recognition accounting principle...
How Content Marketing Isn’t as Bad as You Think

How Content Marketing Isn’t as Bad as You Think

Content Marketing is a bridge that allows businesses like yours to be easily discovered by prospects or referral sources and is one of the cheapest and most efficient ways for companies to increase their reputation within the marketplace and increase their web...

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Rate Rebasing Reminder

Rate Rebasing Reminder

Below is the October 3, 2018 memo released by the Office for People with Developmentally Disabilities regarding the next re-basing date. The CFRs filed for the calendar year ended December 31, 2017 and the fiscal year ended June 30, 2018 will be utilized to establish...

read more
Taxation of Fringe Benefits

Taxation of Fringe Benefits

Many companies use fringe benefit programs as a tool for attracting and retaining talented employees. These programs have become especially vital as the “War for Talent” has gotten more competitive and benefit programs have become more widely known. What was once...

read more
How is your school ensuring Parents stay involved?

How is your school ensuring Parents stay involved?

You know your students benefit from having parents involved in education. Both common sense and research support the relationship between student success and parental involvement, but are the parents of your student body really getting involved in a proactive way?...

read more
Private Schools…  The Value Proposition

Private Schools… The Value Proposition

Nonpublic schools, from religious educational schools to preparatory schools, have been meeting the educational needs of students while providing a unique learning environment. Over 60% of parents enroll their students in private schools because of the promise of a...

read more