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Offering our expertise, guidance and thought leadership on issues and topics that affect organizations. This section delivers articles to help simplify the complexities businesses face in an ever expanding and changing environment.
As a tax-exempt organization, you might think that the subject of “uncertain tax positions” doesn’t apply to you. Think again — some of the basics of your operations, including your tax-exempt status, could create uncertain tax positions that trigger critical reporting obligations.
The purpose of this tax article is to draw your attention to a potential filing requirement with respect to Form TD F 90-22.1, “Report of Foreign Bank and Financial Accounts” (“FBAR”), which must be filed by June 30, 2013. As this is an informational report and not directly connected to income taxes, your service provider would not generally prepare this form as part of the tax return preparation. Nevertheless, Armanino would like to inform you of this important filing obligation that may apply to you.
If your organization has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2014), do not delay any longer. Planning in this area is critical so that informed decisions with respect to health care coverage can be made.
The ability to accept and make online payments and maintain databases with detailed profiles of constituents offers obvious benefits to nonprofits under constant time and money pressures. But it may also be subject to fraud attempts that can dodge your traditional internal controls. Fortunately, measures are available to combat these risks.
Similar to the taxation of downloaded software 15 years ago, states are adapting or altering their taxing regimes to keep up with the evolution in cloud services, including software-as-a-service (SaaS) and other Cloud Service Providers (CSPs).
A recent New York Times article put the spotlight on the generous compensation enjoyed by two executives at the nonprofit Young Adult Institute — totaling nearly $2 million a year. Their behavior lit a firestorm, prompting the state government to seek compensation data at other New York–based nonprofits.
If your business has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2014), do not delay any longer. Planning in this area is critical so that informed decisions with respect to health care coverage can be made. Armanino’s team of health care consultants can help guide you through the process. This article discusses highlights of the employer mandate.
On Friday, March 1, President Obama signed an order required by law to set into motion the automatic federal government spending cuts known as the “sequester.” The cuts, affecting both defense and nondefense programs, could have sweeping effects across a variety of government services, although several key programs are exempt. This article examines how the sequester came into effect and reviews its defense and nondefense cuts
Starting in 2014, employers can be subject to significant penalties if health care plans don’t “measure up” based on the ACA’s standards.
Evaluate the impact of the ACA’s employer mandate now to avoid unexpected penalties by viewing the diagram below:
The Financial Accounting Standards Board (FASB) recently issued guidance clarifying the applicability to nonpublic entities of a certain disclosure requirement regarding the fair value of assets and liabilities. The guidance, found in Accounting Standards Update (ASU) No. 2013-03, Financial Instruments (Topic 825): Clarifying the Scope and Applicability of a Particular Disclosure to Nonpublic Entities, takes effect immediately. It directly affects private companies that have total assets of $100 million or more — or one or more derivative instruments — and the preparation of their 2012 financial statements.
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