Construction Vital Statistics - December 2018

Profit margin expectations were about the same in December 2018 as they were in December 2017. The Construction Backlog Indicator was down slightly, as were staffing level and sales expectations. The partial federal government shutdown disrupted some commonly used construction benchmarks, including housing permits, and starts, but that information is expected to be available again by early March.

Webinar: Invest Time in Inventorying and Other Leasing Implementation Tips

In our free webinar, we will talk about the lease inventory process and other tips that can simplify implementation.

What 'Wayfair' Means for Not-for-Profits

The Supreme Court made 2018 an incredibly exciting year for state and local taxes.

6 Questions Manufacturers Should Be Asking About Their Revenue Recognition Progress

Starting in 2019, private manufacturers will be following new guidance for recognizing revenue from the contracts with their customers.

Accounting for Share-Based Payments to Non-Employees Shows the FASB Simplification Initiative in Action

There is little question that the accounting for share-based payment awards was among the most time consuming and complex areas of U.S. GAAP.

2019 Not-for-Profit Accounting Preview

Even though the pace of new standard setting has appeared to have slowed, not-for-profit organizations will have no shortage of accounting considerations in the next year.

Accounting Adjustments May Be Required for AMT Credits

Corporate AMT refunds claimed under Section 53(e) will not be taking a hit for the federal deficit in 2018, according to a recent IRS update.

How to Prepare for a Successful Implementation of the New Not-for-Profit Reporting Standards

Now is the time for not-for-profit organizations to begin implementing the new changes to their financial statements.

Lingering TCJA Tax Considerations for Not-for-Profits

After the first full year under the new tax reform law, one thing is clear: Several tax reform provisions may make tax reporting more difficult for not-for-profit organizations.

Lessors: Don’t Forget These 3 Simplifications for the Leasing Standard Adoption

Late in 2018, the Financial Accounting Standards Board (FASB) released minor changes to lessor accounting designed to make adopting the new leasing standard easier.

Double Dip on DPAD and Section 199A for Your 2017 Fiscal Year

Double dipping is not overreaching for businesses with fiscal years beginning in 2017 and ending in 2018.

Preparing for Filing Season: Charitable Contributions

It’s the New Year and a new tax season. As the celebrations end and the holiday decorations are put away, the process begins for tracking down and organizing important tax return data.

Government Impasse Won’t Stop Tax Season

Federal agencies may be in the midst of a partial shutdown over southern border security concerns, but tax season hasn’t hit a wall.

8 Revenue Recognition Questions for Contractors

At long last, private contractors will be making the change to their new revenue recognition model.

2019 Accounting Preview

Public and private companies have plenty to work on in the interim. Both have significant accounting changes ahead of them in 2019. Getting a jump start on those updates may make year-end reporting significantly easier.

Construction Vital Statistics - November 2018

Sales expectations, profit margin expectations, and staffing level intentions are all down slightly compared to Q2. The construction backlog indicator is down from where it was a year ago, but total permits are up slightly year-over-year.

Webinar: Introducing Business Central and How It Stacks Up to QuickBooks

In our free webinar, we will compare how Microsoft Dynamics 365 Business Central stacks up against QuickBooks.

Mike Loritz & Mark Winiarski featured in Compliance Week

Mike Loritz & Mark Winiarski featured in Compliance Week discussing year-end audits and internal controls.

Webinar: Tax Check-Up For Not-for-Profits: Year 1 Under Tax Reform and Other Updates

In our free webinar, we will evaluate year one under the TCJA and discuss other tax developments affecting nonprofits.

IRS Relaxes Hardship Withdrawal Rules for Not-for-Profits

Recently, the IRS made several changes to the rules related to hardship withdrawals for not-for-profit organizations.

2019 Outlook for Donations, Grants, and Endowments

Low unemployment, strong stock market performances, and increases in corporate profits made 2018 a stellar year for grant-making foundations and charitable trusts.

Key Issues Facing Public Companies in 2019

At a recent public company conference, one message came through loud and clear: public companies need to be prepared for change.

EBP Auditing Standards Getting An Update

Changes to auditing standards for employee benefit plans subject to the Employee Retirement Income Security Act of 1974 (ERISA) are on the way.

Mark Winiarski featured in Compliance Week

Mark Winiarski featured in Compliance Week discussing tax reform.

Prepare Your Accounting Year-End Processes for the End of 2018

Before you close the door on 2018, you may want to take a quick review of the changes that will affect 2018 financial statements.

IRS Unveils Sequel to Offshore Voluntary Disclosure Program

Earlier this year, the IRS announced that it would stop accepting OVDP submissions on September 28, and issued updated FAQ's regarding the wind-down of the program.

The New Partnership Audit Rules: How the Private Equity and Venture Capital Sector Can Prepare

With all of the tax changes taking effect in 2018, the private equity and venture capital sector may have overlooked an important change: the new partnership audit rules.

Brace for Accounting Challenges if There’s An Infrastructure Boom

Incentives for infrastructure investments could bode well for the construction and engineering sector. It will also bring some additional accounting considerations that shouldn’t be overlooked.

Measuring the Impact of Revenue Recognition on Not-for-Profit Organizations

Not-for-profit organizations face a big question going into their next fiscal period: how will the revenue recognition standard affect the nonprofit sector? The answer is: It depends.

Construction Vital Statistics - October 2018

Sales expectations, profit margin expectations, and staffing level intentions are all higher than they were during the same period in 2017, which bodes well for the sector.

4 Steps to Restoring Your Not-For-Profit's Reputation after Financial Fraud

Learn how four steps you can take can restore your not-for-profit's reputation after financial fraud.

5 Ways Not-for-Profits Can Harness the Power of Their Data

Data can say a lot about which processes work and which don’t, but with the volume of information a not-for-profit organization is collecting on a daily basis, that message can easily get lost in the shuffle.

2019 Tax Rates and Inflation-Adjusted Figures Released

The IRS and the Social Security Administration have released 2019 inflation-adjusted figures for more than 50 tax provisions.

Six Questions Tech Companies Should be Asking About Revenue Recognition

Technology companies may want to check on their revenue recognition preparedness now by asking themselves the following six questions.

Are Public-Private Partnerships the Solution for the U.S. Infrastructure Issue?

Despite frequent mention in both local and national political campaigns, the United States’ well-documented issue with crumbling national infrastructure just cannot seem to garner the attention that some feel it deserves.

Your Qualified Opportunity Zone Questions Answered

The 2017 tax reform law referred to as the Tax Cuts and Jobs Act (TCJA) created a unique opportunity for investors to both defer and avoid capital gain taxes.

Is Environmental Due Diligence an Imperative for Property Purchases?

After a careful search, you’ve found a commercial property you feel is right for your business or as an investment. Your next step will be a process of due diligence to minimize risk and ensure the building or property is a sound venture.

2018 Individual Tax Planning Supplement

Our 10-page publication provides a quick overview of the important planning considerations for your 2018 tax strategy.

Construction Vital Statistics - September 2018

The construction backlog indicator is down slightly from a year ago, and year-over-year, housing permits and starts are up. Month-over-month, however, starts and permits for single-family and multi-family projects decreased.

AICPA Offers Valuation Clarifications for Venture Capital, Private Equity, and Investment Companies

Over the years, divergent practices have emerged for estimating the fair value of portfolio company investments. The AICPA recently released a guide to help make accounting for these complex investments easier for venture capital, private equity, and other investment companies.

FASB Releases Consolidation Relief

The FASB issued ASU 2018-17 Consolidation (Topic 810) which expands the accounting alternative for private companies' application of variable interest entity (VIE) consolidation guidance and changes the analysis of related party decision maker and service provider fees.

The Form 990 Roadmap Continued: Navigate the Alphabet of Supplemental Schedules

In this article you will find tips for the Form 990 Schedule A, Schedule R, and everything in between.

IRS Announces Changes in Benefit Plan Limitations for 2019

The IRS has announced the 2019 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

4 Things Not-for-Profits Can Do in 2018 to Make Adopting the Leasing Standard Easier

Now is the time for not-for-profit organizations to prepare for the implementation of the new leasing standard (ASC Topic 842).

Four Things Private Companies Can Do in 2018 to Make Adopting the Leasing Standard Easier

The transition to the new leasing standard promises to be time-consuming, and it could have an impact on financial statements. Taking action early — before the effective date — can help private companies simplify their adoption process and potentially avoid compliance issues with loan covenants.

MHM Wins Kreston International Collaboration Award

MHM was the recipient of the Kreston International Collaboration Award at the Kreston World Conference last week in New Orleans.

Webinar: Eye on Washington - Quarterly Business Tax Update Q4 2018

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance and healthcare reform, topics covered will provide the up-to-date information you need to help you plan for the future.

Webinar: Fourth Quarter Accounting and Financial Reporting Issues Update 2018

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events impacting financial reporting and the accounting profession.

SEC Finalizes Disclosure Update and Simplification

The amendments in the Rule are intended to facilitate the disclosure of information to investors and simplify compliance without significantly altering the total mix of information provided to investors.

Five Things Public Companies Can Do in 2018 to Make Adopting the Leasing Standard Easier

The time to adopt the new leasing standard is almost here for public companies. Changes introduced in ASC Topic 842 take effect for public companies for fiscal years beginning after Dec. 15, 2018. All leases will need to be evaluated in light of the new requirements and internal processes and reporting may need updating.