Month: February 2022
Whether you are currently constructing a building, have recently purchased one, or even purchased a building years ago, a Cost Segregation Study can reduce your tax liability and give your cashflow an immediate boost.
Recently, the IRS issued the 2022 annual inflation adjustments for many tax provisions, including several that pertain to nonprofit organizations.
In response to the COVID-19 pandemic, governments have implemented a number of relief programs to help businesses and nonprofit organizations. In this article, we discuss key considerations when accounting for COVID-19 Relief Grants.
ASU 2014-09, Revenue from Contracts with Customers (Topic 606), provides a principles-based framework for recognizing revenue and superseded virtually all revenue guidance for exchange transactions.