Category: Business

The EU’s GDPR is Applicable to US Companies. Is Your Organization in Compliance?

By: Darren Hulem | Network Administrator Auditor GDPR, also known as General Data Protection Regulation (EU) 2016/679, was a regulation passed by the European Union (EU) in 2016 aimed at data protection and privacy for individuals within the EU. Enforcement, which began on May 25, 2018, has the potential to affect companies outside of the…

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Invest Time and Resources to Improve the Month-End Close Process

By: Sharon Carbonell, CPA | Manager, Outsourced Accounting and Advisory Services For many who work in the finance department of a nonprofit or for-profit business, the month-end close process is a constant source of strain. Inefficiency and operational ambiguity are sore spots in particular, generally the result of manual data entry, lack of coordination, deficient…

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TCJA Offers Innovative Ways to Deliver Client Service

By: Stephen Boisvert, CPA, MST, CExPTM | Tax Manager It should be no surprise that the topic of the day in the field of income taxes is the Tax Cuts and Jobs Act (TCJA). Like other tax reform packages in the past, the TCJA is a mixed bag of legislation. Some of it will affect…

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Foreign Bank Account Reporting – New Due Dates and Recently Announced Extensions

The FinCEN Form 114, Reports of Foreign Bank and Financial Accounts (FBAR), is filed by taxpayers (both individuals and entities) that have a financial interest in, or signature authority over, a foreign financial account.  In prior years, the FinCEN Form 114 required filing by June 30 to report foreign accounts for the previous calendar year…

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The Potential Impact of Tax Reform on Exempt Organizations

With a new administration taking office, tax reform is a topic that has received a lot of attention.  While what will ultimately pass and be signed into law is anyone’s guess at this point, there are a number of potential provisions that could have an impact on charitable giving and ultimately, on the tax-exempt sector….

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