Archive for September 2014
Key Impacts of Recent Changes to Revenue Recognition Standards
What you need to know as a software company In June of 2014, the Financial Accounting Standards Board, together with the International Accounting Standards Board, issued a new revenue recognition standard that replaces all current industry-specific revenue recognition rules with a single principle-based model. The resulting change is most significant to software companies because of…
Read MoreHedge Fund Schedule K-1s and U.S. Foreign Reporting
Hedge funds are investment partnerships that issue a Schedule K-1 to investors which are partners in the partnership. The Schedule K-1 reports the partner’s distributive share of the taxable income, gain, loss, deduction and credit from the partnership. The Schedule K-1 is filed with the hedge fund’s U.S. federal partnership tax return. Hedge funds issue…
Read MoreCan My Company Respond to this RFP?
The federal government establishes formal goals to ensure that small businesses get their fair share of work with the federal government. For the fiscal year about to end, the goal for prime contracts awarded to small businesses is 23%. SBA has established small business size standards for each North American Industry Classification System (NAICS) code. The small business measurement is based on…
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