Audit & Accounting

Article Image: Navigating the Intricacies of the Gift Tax: Understanding Exemptions and Limits

Navigating the Intricacies of the Gift Tax: Understanding Exemptions and Limits

What is the gift tax? The gift tax is a federal tax that the IRS imposes on people that gift property. The gift tax is applicable...
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Article Image: Favorable Retirement Plan Changes Under Secure 2.0

Favorable Retirement Plan Changes Under Secure 2.0

The SECURE Act 2.0 enacted on Dec. 29, 2022 has brought significant changes to the retirement plan provisions and is designed to encourage more participation...
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Article Image: SAS No.145 - What is Changing

SAS No. 145 – What Is Changing

The AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material...
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Article Image: Clean Energy Tax Incentives

Clean Energy Tax Incentives

The Inflation Reduction Act of 2022 introduced changes in clean energy tax credits, particularly impacting tax-exempt organizations. The legislation allows these organizations, traditionally outside the...
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Calibre CPA Group - CECL Article

The Current Expected Credit Loss (CECL) Model for Not-for-Profits – What You Need to Do Now

Accounting Standards Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) implementation starts with fiscal years ending December 31, 2023, but the adoption date...
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Article Image: Calibre CPA Group's Cybersecurity Tech Tips for NFPs

Calibre CPA Group’s Cybersecurity Tech Tips for NFPs

MFA Everything Multi-Factor Authentication (MFA) protects your IT resources by using an additional check on the login process for your data and services.  MFA requires...
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Calibre CPA Group | Cybersecurity Awareness Training

Cybersecurity Awareness Training

In today’s digital age, businesses of all sizes face a growing number of cyber threats that can put sensitive information, customer data, and financial resources...
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SECURE Act 2.0: What You Need to Know

On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023, which is wrapped into a larger bill, Securing a Strong Retirement Act, commonly...
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Calibre CPA Group - photo of a parking meter

DC Parking Cash Out Law: Compliance in Light of Approaching January 15, 2023 Deadline

The reporting requirements of the Law may impact many DC employers who offer free or subsidized parking to its employees as the first compliance reporting...
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