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Arizona Modifies Transaction Privilege Tax Landscape for Contractors

Posted 12:00 PM by
Effective Jan. 1, 2015, Arizona has made drastic changes to the application of the transaction privilege tax (TPT) for contractors. As a result of these changes, contractors will have to make a determination of how they are classified for TPT purposes and apply the corresponding tax treatment. 
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Why Betting on Yourself May Be the Best Succession Plan

Posted 5:12 PM by
There is a chasm left in the trucking industry by the mass retirement of baby boomers – one that is struggling to be filled by the millennial generation. While this void has been felt by the entire industry as one of the contributing factors to the ongoing driver shortage, it is not the only impact the changing generation has had on transportation companies. As operators pass the baton to the next generation, it is imperative this transition is executed in a tax-efficient manner that accomplishes the ultimate goals of the company.
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Standards Update: 8/20/15

Posted 12:00 PM by
ASU 2015-05 provides additional guidance on accounting for fees paid in a cloud-computing arrangement. The FASB determined there was no explicit guidance currently available under generally accepted accounting principles (GAAP) in the United States for these type of  transactions, specifically related to an arrangement including a software license.
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David Charles and Mark Bernstein to Speak in New York on Funding Hospital Expansion in a Consolidated Market

Posted 7:45 PM by
Katz, Sapper & Miller’s David Charles and Mark Bernstein, together with the law firm Anderson Kill, will discuss “Funding Hospital Expansion in a Consolidated Market” on Thursday, Oct. 1.
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NFP Reporting Exposure Draft, Explained: Other Matters

Posted 12:00 PM by
The fourth and final installment in our series, NFP Reporting Exposure Draft, Explained, focuses on various other changes being proposed related to the financial reporting for not-for-profit (NFP) organizations. 
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