by Isaac Rowles | Mar 13, 2024 | Audit and Accounting, NonProfit, Tax Watch
There is a new accounting standard effective during 2023 which will change how companies account for future losses on financial instruments. If this sounds abstract, then you are not alone. The standard was initially developed to change the way that banks account for... by Bill Jones | Feb 6, 2024 | Audit and Accounting, Manufacturing & Distribution, Tax Watch
There are new law changes by the United States Department of Labor (DOL), IRS, Pension Benefit Guaranty Corporation(PBGC) and Secure Act 2.0 as regards to employee benefit plans. Employee benefit plans generally are required to file annual returns/reports about, among... by Dean Harkleroad | Dec 12, 2023 | Audit and Accounting, Employee Benefit Plans, Tax Watch
Congress passed the SECURE 2.0 Act as part of the Consolidated Appropriations Act (CAA) of 2023. It gets its name from the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which made numerous changes to IRAs, 401(k)s and other popular... by DMJPS PLLC | Oct 3, 2023 | Announcements, Audit and Accounting, Inside DMJPS
North Carolina CPA + Advisory Firm Adds Two New Assurance Partners DMJPS PLLC, a U.S. Top 200 North Carolina CPA and accounting firm, is pleased to announce that Laura Hartley, CPA and Isaac Rowles, CPA have been named partners with DMJPS PLLC effective November 1,... by Isaac Rowles | Jun 1, 2023 | Audit and Accounting, NonProfit, Tax Watch
Audits can be very stressful. Organizations must get audits right to ensure compliance with a variety of local laws and regulations. They must show that financial information is represented fairly and accurately, and in accordance with all relevant accounting... by Isaac Rowles | May 19, 2023 | Audit and Accounting, NonProfit, Tax Watch
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take effect in late 2018 for publicly-traded companies. They became effective...