Please ensure Javascript is enabled for purposes of website accessibility
Home (page 10)

Tag Archives: Keeping Your Balance

Keeping Your Balance: A look at DOL’s proposed changes to overtime rules


Rules protecting the American worker from unpaid overtime date back to the 1930s. In 1975, nearly 61 percent of salaried employees were protected under overtime rules compared to just 8 percent today as inflation eroded the protection for many individuals. ...

Read More »

Keeping Your Balance: Obama calls for more IRS cybersecurity funding


President Barack Obama recently asked Congress to increase funding for Internal Revenue Service cybersecurity. Trying to get in front of future hacking, the president asked for an extra $242 million, reflecting a more than 70 percent increase over fiscal 2015. According to ...

Read More »

Keeping Your Balance: Reasonable compensation issues in business valuations


The IRS periodically publishes “Job Aids for IRS Valuation Professionals.” These resources are helpful for IRS Valuation Engineers, other IRS field personnel and valuation professionals in practice. While these documents are issued with a standard disclaimer stating “This Job Aid ...

Read More »

Keeping Your Balance: Proposed changes to not-for-profit financial reporting

Lee,-Jackie-FEAT - Copy

On April 22, the Financial Accounting Standards Board issued Proposed Accounting Standards Update (ASU) 2015-230, which aims to provide an overhaul of the way financial information is presented for not-for-profit organizations for the first time in many years. The proposed ...

Read More »

Keeping Your Balance: Not-for-profit roundup: Budget challenges, fraud risks and more


Mengel Metzger Barr & Co. sponsored its eighth annual not-for-profit summer seminar in early June in Rochester and Elmira. In advance of the seminar, I conducted an optional survey of the attendees — executives, and finance and accounting professionals at ...

Read More »

Keeping Your Balance: Changes to financial reporting for private companies


Recently, the Financial Accounting Standards Board issued several financial reporting changes that apply to private companies. The intent of the changes was to simplify financial reporting and control the costs incurred by private companies in connection with their financial reporting. ...

Read More »

Keeping Your Balance: Proposal to defer effective date of revenue recognition standard


There have been a lot of articles and discussion regarding the proposed revenue recognition standard and as to whether the Financial Accounting Standards Board’s Accounting Standard Update 2014-09, Revenue from Contracts with Customers (Topic 606) will be delayed. On April 29, ...

Read More »