2015 News Archive
 

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GWSCPA News

Retiring boomers lead to increase in number of RIA firms, clients and AUM

Who says financial advisers are going the way of the dodo bird? It turns out that the need for advice is stronger than ever, thanks to the flood of baby boomers at or near retirement. The 15th annual Evolution Revolution study by the Investment...

Nonprofits Outpace For-Profits in Accounting Errors

Nonprofit organizations make accounting errors at a relatively high rate, in part because they try to avoid devoting a high percentage of their funding to administrative costs, according to a new study. The study, by Jeffrey Burks, associate...

ACCA and IMA See Decline in Global Business Confidence

The ACCA/IMA Global Economic Conditions Survey pointed to trends in the second quarter of 2015, including a rise in oil prices, several expected and unexpected rate cuts by central banks, a rebound in Western consumer sentiment and a stock market...

I.R.S. Expected to Stand Aside as Nonprofits Increase Role in 2016 Race

WASHINGTON — As presidential candidates find new ways to exploit secret donations from tax-exempt groups, hobbled regulators at the Internal Revenue Service appear certain to delay trying to curb widespread abuses at nonprofits until after...

Beyond Tax Season: Practice Before the IRS

The Internal Revenue Service is really starting to tighten its rules on who can and cannot represent clients Budget issues may loom large in practice before the Internal Revenue Service in the sense that audits are becoming more thorough,...

CEO Pay Ratio Rule Rankles Both Sides of Heated Debate

Two years after issuing a proposed rule for the controversial “CEO pay ratio” provision of the Dodd-Frank Act, the Securities and Exchange Commission today released a final rulemaking that left many interested parties unsatisfied. The...

Planning in the Face of Tax-Credit Uncertainty

Congress is awhirl in the all-too-familiar cycle for a number of tax provisions: enactment, expiration, and extension. More than 50 corporate and individual tax provisions, including the popular research credit, are not a permanent part of the...

FASB simplifies inventory measurement guidance

FASB has issued new financial reporting guidance that is designed to reduce the complexity related to the subsequent measurement of inventory. Accounting Standards Update No. 2015-11, Inventory (Topic 330), Simplifying the Measurement of...

IASB Proposes Changes in Revenue Recognition Standard

The International Accounting Standards Board has proposed making some clarifications to the revenue recognition standard that it released last year with the U.S. Financial Accounting Standards Board. The proposed targeted amendments follow...

IRS Missing Key Data to Oversee Obamacare Tax Credits

The Internal Revenue Service is hampered by incomplete information from health insurance marketplaces in its efforts to oversee tax breaks for individuals in the Affordable Care Act, according to a new government report. The report , from the...