Month: February 2017

New Not for Profit Accounting Standard

February 21, 2017 by Sue Thompson
Copeland Buhl
In August 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-14 Not-for-Profit Entities (Topic 958):  Presentation of Financial Statements of Not-for-Profit Entities. Financial reporting guidance for Not-for-Profit (NFP) entities prior to the new standard had not undergone any major changes in 20 years.  The FASB’s goal was to enhance...
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Dangerous W-2 Phishing Scam

February 2, 2017 by Alisa Rogers
Tax Services
The IRS has posted several warnings in the last couple weeks related to W-2 phishing scams.  Please make sure you have procedures to verify the validity of requests for sensitive information to protect you and your organization from these scams. Cybercriminals will “spoof” an executive’s email and request sensitive information...
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