The Financial Accounting Standards Board (FASB) issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements. FASB Accounting Standards Update No. 2014-07, Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements, is based on a consensus reached by the Private Company Council (PCC).
Managing Director of Cloud Solutions, Jeremy King, summarizes some of the reasons cloud services have become so popular for business.
Recent AICPA Survey results show that business executives, while still optimistic, are lowering their expectations for profit, revenue, and expansion in 2015.
FATCA provisions affecting March 15 deadline for Form 1042-S filers.
New IRS rules require business owners to change tax accounting methods for 2014 tax returns!
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