Many closely-held businesses that export goods or services overseas are eligible for a permanent tax incentive, called the Interest Charged Domestic International Sales Corporation (IC-DISC). This incentive was established many years ago and has survived several repeals of other export tax incentives over the years.
The Centers for Medicare and Medicaid Services (CMS) released the Medicare Skilled Nursing Facility prospective payment system federal register update for the 2015 federal year on May 1, 2014 as a proposed rule for public input and comment.
A catchy subtitle for the tax laws described in this update might be: “First you see them, then you don’t, and then you see them again.” Maine’s 126th legislature adjourned for the summer with a flurry of activity impacting Maine taxpayers. In a May 2 Tax Advisory, we informed our readers
Recently, the FASB issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.
Last month the Not-for-Profit Advisory Committee (NAC), a sub-committee of the FASB, held a meeting in which they discussed several financial reporting items of relevance to not-for-profit entities (NFPs). The discussions focused on several items related to the Financial Statements of NFPs Project.
Last month the Not-for-Profit Advisory Committee (NAC), a sub-committee of the FASB, held a meeting in which they discussed several financial reporting items of relevance to not-for-profit entities (NFPs). The discussions focused on several items related to the Financial Statements of NFPs Project. The Financial Statements of NFPs Project has been in process
CPAs can perform a variety of attestation services for clients. “Attestation services” are those services whereby the CPA “attests” to the fairness of the financial information presented and signs a report that summarizes the findings.