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Summary The Financial Accounting Standards Board (FASB) released the Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities on Aug. 18, 2016. The standard aims to improve presentation of financial information, ultimately making not-for-profit financial reporting statements more informative, transparent...

Summary From lowered income tax rates and doubled standard deductions, to caps on mortgage interest and state and local deductions, Americans may feel a significant impact as a result of the new tax law. Here are the top 10 things individual taxpayers need to know: There are...

Competing against big corporations is a challenge for small business owners, but focusing on a niche market can be a huge benefit for small businesses.  This article discusses eleven advantages for small businesses and how to use them.  To view this article, click HERE to access the...

Business owners should focus on business models to ensure their business finds success and increases profit and potential.  This article discusses six business strategies that will help keep your business around for a long time.  To view this article, click HERE to access the original content. ...

Ecommerce on social media platforms is booming, and business owners must fulfill orders effectively to stay successful. This article discusses a number of best practices to help with social commerce fulfillment.  To view this article, click HERE to access the original content. ...

Summary From lowered income tax rates and doubled standard deductions, to caps on mortgage interest and state and local deductions, Americans may feel a significant impact as a result of the new tax law. Here are the top 10 things individual taxpayers need to know. ...

Long-term success begins with the ability to implement strategic change. This article discusses why companies struggle to accelerate strategic change and how to tackle these problems.  To view this article, click HERE to access the original content. ...

Summary On February 25, 2016, the FASB issued its highly-anticipated leasing standard for both lessees and lessors. Under its core principle, a lessee will recognize lease assets and liabilities on the balance sheet for all arrangements with terms longer than 12 months. Lessor accounting remains largely...

Summary Growing beyond 100 employees is an important landmark in a company’s history. While companies may view crossing this threshold a cause for celebration, the Department of Labor (DOL) may view it as a trigger for increased scrutiny of your employee benefit plan. Certain employee benefits...