APRIL 2016

3 Governance Policies Every Business Should Have in Writing

Publicly traded companies abide by stringent governance practices. This compliance is, in part, due to regulations such as the Sarbanes-Oxley Act of 2002 (SOX). While SOX’s reach does not extend directly to privately held companies, many small and closely held companies have adopted some of its provisions nonetheless. Sometimes referred to as “SOX lite,” these [...]

Polishing Up on the New FASB Lease Accounting Standard

The Financial Accounting Standards Board (FASB) released its anticipated update to lease accounting stipulations under accounting principles generally accepted in the United States of America (U.S. GAAP). The updated standard requires businesses to record and recognize the assets and liabilities of all leases with terms longer than 12 months. This mandate applies to both current categories [...]

2018-11-12T15:49:15+00:00March 8th, 2016|APRIL 2016, LEASE ACCOUNTING|

Navigating the Rabbit Holes of an ACA Subsidy

As spring approaches and gardening season begins, questions regarding  Affordable Care Act (ACA) subsidies are also budding. The top questions seem to be one of these two: Will I receive a health insurance subsidy tax refund, or Will I have to pay back my ACA subsidy? The answers to these questions may surprise many who [...]

2018-11-12T15:49:16+00:00March 7th, 2016|AFFORDABLE CARE ACT (ACA) COMPLIANCE, APRIL 2016|