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A Brave New World in Lease Accounting

Many companies choose to lease certain assets, rather than buy them outright. Leasing arrangements are especially common among construction contractors, manufacturers, retailers, health care providers, airlines and trucking companies that rely on expensive equipment or real estate in their day-to-day…

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Five Last-Minute Moves to Lower Your 2015 Tax Bill

Tax Day is right around the corner. Have you filed your federal tax return yet? The filing deadline to submit 2015 individual federal income tax returns is Monday, April 18, 2016, rather than the traditional April 15 date. Washington, D.C.,…

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10 Facts You Should Know about the Do Not Call Registry

Most Americans hate receiving unsolicited telemarketing calls. Inevitably, they seem to happen at the worst possible times — when you’re sitting down to dinner, tuning in to your favorite television show or drifting off to sleep. Fortunately, the Federal Trade…

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Charitable Donations of Appreciated Stock

Many presume that a sizeable charitable donation to a favorite cause-oriented organization or university should be in the form of cash. Meanwhile, opting to make that contribution instead as appreciated stock could offer tax benefits that would otherwise be missed,…

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The FASB Splits the Nonprofit Accounting Project into Two Phases

The Financial Accounting Standards Board (FASB) released an update on the April 2015 proposed Accounting Standards Update (ASU) No. 2015-230, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities that received significant…

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