Recent articles
IRS Extends Employer-Sponsored, Leave-Based Donation Programs through 2021
The IRS has extended through 2021 the tax benefits provided to employers for leave-based donation programs that aid victims of the COVID-19 pandemic. What Are Leave-Based Donation Programs? Under leave-based donation programs, employees can forgo their vacation, sick,...
GASB 87 Accrued Interest Example: Calculating the Liability Amortization
How to calculate liability amortization under GASB 87.
Five Tips for Small Business Lease Accounting
Learn tips for small business lease accounting.
Improved Lessor Accounting for Certain Leases with Variable Lease Payments
This article provides insight into the FASB’s update to ASC 842 about lessor’s accounting for leases with variable lease payments.
Top Considerations for the Nonprofit Sector, Part One
Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain relationships with donors, volunteers and the communities they serve while discovering new means to protect mission funding. Even so, the impacts of...
GASB Amends Implementation Guidance for Capital Assets
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2021-1, Implementation Guidance Update—2021. The implementation guide contains new questions and answers that address the application of GASB standards on derivative instruments,...