2018 News Archive
 

2018 News Archive

 

A Look Back on the 2018 Nonprofit Symposium

The 2018 Symposium is in the books, and while we won’t say that it was the best year ever… the 30 th Nonprofit Symposium did not disappoint. It’s been a time of massive change and uncertainty for the nonprofit sector, but with almost...

George Scott Appointed to FASAB Chair

The chair of the Federal Accounting Standards Advisory Board (FASAB or “the Board”), D. Scott Showalter, announced today that George Scott has been appointed to serve as chair of the Board beginning July 1, 2019. Mr. Scott’s...

4 practice management trends you should consider

Is your firm operating at peak efficiency? You have the opportunity to leverage insights around certain practice management approaches that could help you become more effective and profitable. Recently, the American Institute of CPAs’...

GWSCPA Educational Foundation Announces 2019 Scholarship Awards Program

For Immediate Release December 14, 2018 Society Contact: Kari Bedell, Executive Director kbedell@gwscpa.org 202-347-2890       GWSCPA Educational Foundation Announces 2019 Scholarship Awards Program   The Greater Washington Society of CPAs...

IRS explains disallowance of qualified transportation fringe benefits for parking

In Notice 2018-99 , the IRS, responding to questions from taxpayers, provided guidance about how to determine the amount of parking expenses that is nondeductible when employers provide parking for their employees. Under Sec. 274(a)(4), expenses...

FASB tweaks leases standard with new update

FASB on Monday issued an Accounting Standards Update (ASU) that clarifies how to apply the new leases standard when accounting for sales taxes, certain lessor costs, and certain requirements related to variable payments in contracts.  ASU No....

Gelman, Rosenberg & Freedman CPAs Adds New Principals to Growing Practices

December 10, 2018 Bethesda, MD:  Gelman, Rosenberg & Freedman CPAs (GRF) announced today that the firm has added two new principals to supplement rapidly growing practice areas.   Melissa Musser, CPA, CITP, CISA   has joined the firm as a...

Employee benefit plan auditing rules to change

Reporting and performance requirements for practitioners auditing employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) will change under a new standard that the AICPA Auditing Standards Board (ASB) has...

Accounting method change procedures for book-tax conformity rule

The IRS has provided procedures ( Rev. Proc. 2018-60 ) under which a taxpayer may obtain automatic consent to change a method of accounting to comply with Sec. 451(b), as amended by the law known as the Tax Cuts and Jobs Act, P.L. 115-97. The...

IRS issues guidance on withholding for 2019

The IRS on Tuesday said that the withholding rules in effect for 2018 will remain in effect for 2019. In September, the IRS announced that the 2019 version of Form W-4, Employee’s Withholding Allowance Certificate , will be similar to the...