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Payment on Death of Employee to Spouse
I am looking for guidance on the correct tax treatment of a payment from an employer to the spouse of a deceased employee. Background: The death was not by accident during service. Prior to the death there were no agreed schemes, agreements etc. in place for the...
SEC Proposed “Safeguarding Rule” May Impact RIAs
July 17, 2024 By Courtney K. Corallo, CPA, Business Assurance & Advisory Services Senior Manager Potential increase in number of registered investment advisors subject to “Custody Rule” In February 2023, the Security and Exchange Commission (SEC) proposed...
Tricky Compliance Risks for Not-for-Profits: Best Practices for Boards and Executives
Keeping your not-for-profit on mission depends on your organization’s ability to overcome the riskier areas in compliance: donor restrictions and board-designated net assets, Form 990, and governance policies including gift acceptance policies. Failure to adhere to...
Guide | Contract Collection Checklist
Simplify Contract Management Fundamental tasks like budgeting and cash flow forecasting are needlessly complex if the finance and accounting team doesn’t have visibility into contracts. But collecting contracts can be a daunting task. That’s why we’ve created the...
Deferred Rent under ASC 842 Explained with Examples and Journal Entries
Deferred rent is one of the most commonly discussed items regarding the differences between ASC 840 and ASC 842. This article discusses the lease accounting treatment for deferred rent and how the changes in the lease guidance impacted its treatment. Note: Read this...
CMS Payment Model for Cancer Treatment Offers New Incentives for Providers
The Centers for Medicare and Medicaid Services (CMS) announced on May 30th, 2024, that it will offer a second opportunity to apply to the Enhancing Oncology Model (EOM) in July 2024. CMS also announced important refinements to the model’s policies designed to...