Our 2018 year in review report – provided through our participation in BDO Alliance USA – summarizes the year’s most significant changes in guidance and what to expect in 2019. It also includes a comprehensive list of the effective dates for recently-issued accounting standards.
Over the past year, U.S. tech companies have been at the center of attention on a national and global stage. Whether it’s dealing with a growing number of regulations, or shoring up data privacy measures in response to heightened scrutiny, the industry now faces several critical questions. How the industry responds will dictate its fate in the years to come.
As part of the overall strategic plan and reevaluation of how inspections of public company audits are planned, conducted, and reported on, the PCAOB has released its objectives and potential focus areas for planned 2019 inspections of issuers and brokers and dealers. We encourage audit committees, management and auditors to review this alert.
Every entity that leases property, plant, or equipment will be affected by Topic 842 to some degree. Tech businesses can expect to experience a challenging transition, simply because they will have to comply with the new standard in addition to all the other regulations they’re already subject to.
The Tax Cuts and Jobs Act of 2017 resulted in sweeping changes to the tax code. One year later, business owners should be aware of how the changes affect their businesses, and how to plan accordingly moving into 2019.
For many taxpayers, the changes made by the most recent tax reform represent a host of tax planning challenges and opportunities. In this blog, we highlight some of the more significant changes made by the TCJA, as well as possible challenges and opportunities to lower your tax bill for 2018 and beyond.
The FASB issued ASU 2018-18 to clarify when certain transactions between participants of a collaborative arrangement are within the scope of ASC 606. It is effective for public entities for fiscal years beginning after December 15, 2019, and for private entities, the effective date is fiscal years beginning after December 15, 2020.
For years we have been hearing about major internet fraud schemes. The question is, are you taking some simple steps to protect yourself? Security breaches are not going away anytime soon, so it’s critical that you take some measures to secure your finances.
Given the magnitude of the impact ASU 842 will have on most entity’s balance sheets, it is important to obtain an understanding now, particularly if you are or will be in the process of negotiating new long-term leases between now and the effective date.
Even businesses with the most growth potential will encounter challenges and have difficult decisions to make on the way to success. What’s the difference between those which maneuver successfully and those who get tangled up in the chaos? Leadership.