Featured News

4 essential tax tips for new parents

As a new parent, sleepless nights aren’t the only thing that can be overwhelming. Taxes are probably last on your list of worries. However, parents are offered valuable tax breaks by the IRS that weren’t available to them before they welcomed a child. Kids are expensive and parents can often

FASB SIMPLIFIES ACCOUNTING FOR GOODWILL & CERTAIN IDENTIFIABLE INTANGIBLE ASSETS FOR NFPS

The FASB issued ASU 2019-06 to simplify how a non-profit entity accounts for goodwill and certain identifiable intangible assets by permitting the use of two private company options. The new ASU is available here, and becomes effective immediately. Background In 2014, the FASB issued the following ASUs, both consensuses of the Private

Crosslin Technologies Named to MSP501 List

Congratulations to Crosslin Technologies, who has been named as one of the world’s premier managed service providers on the prestigious 12th-annual Channel Futures MSP 501 rankings. This is our third year on the list, coming in at #425. MSPs are ranked according to a unique methodology that weights revenue figures

Summer Not-For-Profit Newsletter

The summer not-for-profit (NFP) newsletter, Nonprofit Standards, is now available online with the latest issues affecting the NFP industry.  Topics covered include: The New 21 Percent Executive Compensation Tax GASB Simplifies Accounting for Capitalized Interest Taxable Income from Parking and Other Fringe Benefits Lessons Learned from Implementing ASU 2016-14 Functional