New Revenue Recognition Standard: Identifying Separate Performance Obligations

Proposed IRC 2704 Regulations Update

In two previous articles, I discussed the Proposed IRC 2704 Regulations. These regulations would dramatically impact estate and gift tax values of transferred assets through the virtual elimination of valuation discounts and other provisions. There was a lengthy comment period and almost 10,000 comments were received and nearly 40 speakers representing individual taxpayers, family businesses, […]

Bridging Internal Audit Plan Gaps

Do you know what you don’t know? The unknown unknowns can be a significant risk to a person and to an organization, and determining the unk unks can be a difficult task in and of itself. Internal Audit (IA) as a discipline continues to grow and evolve in many directions including information technology, fraud prevention, […]

New Revenue Recognition Standard: Identifying Separate Performance Obligations

Revenue Recognition: The Coming Changes As difficult as it may be to believe, life under the new revenue recognition standards has almost begun for private construction companies. Released by the Financial Accounting Standards Board (FASB) in May of 2014, Accounting Standards Update 2014-09, Revenue from Contracts with Customers: Topic 606, imposes a five step approach […]

Industry Report: Computer Systems Design and Related Services

This month’s Industry Report includes the metrics and common size information for Computer Systems Design and Related Services. You already have your financial statements in hand, you know your metrics, now let us provide some information that will help you see how you compare to your competition. We have provided key financial metrics through 2017 […]

Trust Your Employees? You Still Need Policies and Procedures

As a Certified Fraud Examiner I continually run into employers that say they have complete confidence and trust in their employees. While that is often true, it can be an excuse to implementing preventive measures. The correct policies and procedures can give an employer a way to help their trusted employees make the right decisions. […]

McKonly & Asbury Named “Readers’ Choice” Accountant!

Each year, readers of Harrisburg Magazine are invited to participate in a 3-month Reader’s Poll to tell visitors to the area as well as longtime residents what they think are the best local businesses in a variety of categories. This year, readers and visitors to the Harrisburg Magazine website have selected McKonly & Asbury as “Readers’ Choice” Accountant! McKonly & […]

Webinar – A Tax and Privacy Haven: Coming to America

Bridgeford Trust is pleased to announce its upcoming webinar entitled “A Tax and Privacy Haven: Coming to America.” This webinar will take place on Thursday, September 7th, 2017 at 2 PM EST. This webinar will be hosted by David Warren, Co-founder of Bridgeford Trust Company. As the United States has become both a tax and privacy haven, […]

Tax Reform Update

With the recent setbacks on healthcare legislation, tax reform is getting more and more attention as the latest up and comer on the legislative front. To this point, the White House released a Joint Statement on Tax Reform. While this statement was large on pomp, and not so much on substance, there was one key […]

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