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SEC Approves Final and Proposed Rules in Latest Open Meeting

Staying busy this summer, the SEC on June 28, 2018 they voted to approve five final rules and proposals that represent significant progress on many of

Not-for-Profit Entities Receive Guidance on Contributions!

Be aware! If your organization receives contributions from third parties, or contracts with government agencies, there are changes to the method and timing

Accounting for Cloud Computing

Earlier this month, the Financial Accounting Standards Board’s (FASB) Emerging Issue Task Force (EITF) reached a consensus to permit the capitalization

It's a New Era: Sales Tax Compliance after South Dakota v. Wayfair

The United States Supreme Court overturned the physical presence standard for sales and use tax nexus for remote sellers in its opinion on the case of

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Revenue Recognition- Member Owned Private Organization

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606),

Blockchain Technology and Its Impact on Employee Benefit Plans

Blockchain technology appears to be the latest up and coming change affecting the way many industries will process transactions. What is blockchain technology?

Museums to Receive Clarity on Accounting for Collections

The Financial Accounting Standards Board (FASB) will soon release for public comment a proposal revising its guidance on accounting for historical collections.

Report Cards Are Out: American Infrastructure Gets D+

The American Society of Civil Engineers (ASCE) recently released their 2017 Infrastructure Report Card. Every four years, the ASCE grades the nation’s

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Pennsylvania Department of Environmental Protection Proposes 250% Permit Fee Increase for Unconventional Gas Wells

The Pennsylvania Department of Environmental Protection (DEP) has proposed a 250% permit fee increase for all unconventional gas wells. This would increase

Pennsylvania Public Utilities Commission Increases Impact Fees for 2017

For 2017, Pennsylvania’s Independent Fiscal Office (IFO) is projecting the impact fee to be approximately $219.4 million, the third highest in the

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