Foreign currency translation and hedging is one of the most challenging areas of accounting – whether you’re working with the Euro, the Pound Sterling, the Yen, or the Brazilian Real. You aren’t alone if you find the accounting rules governing foreign currencies hard to understand and difficult to apply. That’s
On June 13, 2019, Barnes Dennig and The Rinehart Sussli Financial Group of UBS hosted a group of experienced professionals for the sixteenth Annual Employee Benefit Plan Seminar. Given that retirement plans are a valuable tool for rewarding and attracting top talent, our goal is to help the business community
And what are the benefits of meeting with a Personal Financial Specialist? To continue to be recognized as a contributor to the financial planning sector, the American Institute of Certified Public Accountants (AICPA) has developed its own credential including membership resources. Titled the Personal Financial Specialist (PFS), candidates must first
The federal government continues to move quickly in providing support for families and businesses impacted by COVID-19. As of Thursday, March 18th, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201), following the Senate’s passage of a revised bill originally passed on March 14
The Small Business Administration (SBA) issued new PPP loan Interim Final Guidance (IFR) on August 24, 2020, on Treatment of Owners and Forgiveness of Certain Nonpayroll Costs, in addition to new PPP loan forgiveness FAQs on August 4, 2020, and EIDL loan FAQs on August 11, 2020. This interim final
Business owners are facing a new economic reality: never before have cash reserves been so vital to sustaining business continuity. Private equity firms are urging their portfolio companies to draw down on their open lines of credit to gird themselves for the most turbulent financial downturn in the last 90
Steps to Help Not-for-Profits Scrutinize their Revenues for Impact from Recent Accounting Standards The time has come for many not-for-profits to incorporate ASC 606 Revenue from Contracts with Customers in their GAAP financial statements. This overhaul to the model of recognizing revenue with customers has left many questioning what funding
Senate Majority Leader Mitch McConnell, R-Ky., introduced legislation(S. 3548) on Thursday, March 19, to provide direct cash payments to families, grant tax relief to individuals and businesses, particularly airlines and healthcare, to blunt the economic effects of the novel coronavirus pandemic. The 250-page bill is scheduled for debate with Democrats
Data breaches are a constantly increasing threat, and have already caused serious issues for companies, government agencies, and individuals when their data has been stolen. These attacks have been occurring with increased regularity. In 2020 alone, there were reportedly 1001 data breach cases in the United States, with 155.8 million
Every organization, no matter what its mission, should periodically measure how well it fulfills that mission and how effectively resources are being utilized in the process. While the specific metrics that each nonprofit adopts to assess its performance will differ, certain key ratios should be used to effectively measure overall
The Inflation Reduction Act (IRA), signed into law by President Biden in August 2022, is designed to help fight inflation, increase investment in domestic manufacturing and energy production, lower prescription drug prices, and sharply reduce carbon emissions by 2030. It also included new and expanded tax incentives designed to reward
Deadline Extended to August 7, 2020 The Wholesale / Distribution Compensation, Benefits, and Benchmarking Study is officially open for participation, with new benefits and incentives for participants. This comprehensive study is conducted every other year and provides invaluable benchmarking metrics to regional companies that operate in the Wholesale/Distribution industry, helping