Below please find daily updates pertaining to the latest in financial, business, and tax news:
August 24, 2018
Important Changes to Arizona Tax Credits
On August 23, 2018, the IRS released some much anticipated regulations to address thevarious state tax credits available to taxpayers. The resulting rules will have a significantimpact on the Federal tax treatment of the various Arizona charitable tax credits. You can click on the link below to access the update.
June 25, 2018
Not-for-Profit Financial Accounting and Reporting News:
We are pleased to forward the update below from the AICPA. The nonprofit community has been waiting for guidance regarding application of the new revenue recognition standards, and late last week, the FASB issued ASU 2018-08 - Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. You can click on the link below to access the standards update.