Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this summer.
Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this spring. Michael Casale received his CPA license. Malcolm Barfield and Kaitlyn Lavertu passed all four sections of the CPA exam. Kelly Pelletier and Nathan Izzicupo passed the section of the CPA
Financial statement auditing authorities recently issued significant proposed changes to audits of employee benefit plans. The changes result from a collaborative effort by the Department of Labor (DOL) and Auditing Standards Board (ASB), responding to weaknesses found in a number of benefit plan audits.
Recently, the Massachusetts Department of Revenue issued Directive 17-1, advising taxpayers on a newly adopted bright-line rule effecting out-of-state internet vendors.
There is a new year’s resolution recommended by major web browser vendors this year pertaining to encryption. Websites and digital signatures use certificates to encrypt and decrypt data, and presently some are created with either SHA-1 or SHA-2 algorithms.
In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-07, Investments—Equity Method and Joint Ventures, Simplifying the Transition to the Equity Method of Accounting, which seeks to ease the application of the equity method of accounting.
Today the Senate passed a bill that the House approved yesterday, sending it to the President, who has indicated he will sign it into law. The bill is referred to as the “PATH” Act (Protecting Americans from Tax Hikes Act of 2015), and it is very meaningful legislation that has been awaited by taxpayers and their accountants for some time.