The Department of Labor (DOL) has made significant changes to the Fair Labor Standards Act (FLSA), the federal law that controls overtime pay. Under...Read More
On July 22, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory....Read More
The number of 401(k) plans has grown persistently from around 17,000 covering roughly 7.5 million active participants in 1984 to almost 527,000 plans covering...Read More
Over one trillion dollars of commitments for SEC registrants was reported by the U.S. Securities and Exchange Commission as not being presented on their...Read More
Charitable organizations, fundraisers and sponsors must understand state charitable fundraising regulations and reporting requirements. Currently, 45 states and the District of Columbia have some...Read More
Perhaps in an effort to clear up some confusion, the Internal Revenue Service (IRS) has updated its website with more detailed instructions on which...Read More
In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-12 to simplify plan accounting of investments for Defined Benefit...Read More
President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act on December 18, 2015. The Act contains several provisions affecting tax-exempt...Read More
The definition of a payroll (compliance) audit is to determine through the review of the payroll records that the employer is in compliance with...Read More
In recent years, we have seen a rapid expansion of alternative classes of investments in large pension fund portfolios, both public and private. These...Read More
