Advisory
TINA & CAS Thresholds Increased to $2 Million
The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current and complete cost or pricing data…
Section 1202—A Powerful Tool: C-Corporation Shareholders Limit Tax Liability
Getting familiar with section 1202 also known as the qualified small business stock is a powerful tool for those looking…
Third Party Risk Management (TPRM)
A third-party vendor is an ancillary process—outside the control of your organization—which performs a function or provides a service; for…
ASC 606 Revenue Recognition Series: Identifying Performance Obligations in the Contract (Part III)
In our last article on revenue recognition, we discussed step one under ASC 606: Revenue from Contracts with Customers (“ASC…
ASC 606 Revenue Recognition Series: Identifying the Contract with the Customer (Part II)
In ASC 606: Revenue from Contracts with Customers (ASC 606), the Financial Accounting Standards Board (FASB) established a five step…
GSA Whistleblower Vindicated, FAS and TTS Realignment, and Politics – Not as Usual?
Shakeups in the management of the General Services Administration (GSA) continue to cascade and make waves. In early July, the…
Accounting for Development Costs of Internal Use Software
Internal use software is software that is acquired or internally developed to meet an entity’s internal needs. These internal needs…
M&A Shop Talk: Tax Planning Using One-Day Note Concept Application
An S corporation selling shareholder should always evaluate whether the “one-day note” obligation planning concept will achieve federal and state…