FASB, goodwill impairment, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

FASB Simplifies Goodwill Impairment Testing

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One of the most daunting issues related to purchase price allocations related to business acquisitions has been the requirement that acquired goodwill and other intangibles be evaluated annually for impairment of value. For purposes of complying with generally accepted accounting procedures (GAAP), this requirement has been accomplished via a two-step process that, ultimately, was a […]

IRS, identity theft, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Want to See the Tax Return Filed with Your Stolen Identity?

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The Internal Revenue Service (IRS) has announced that it will begin allowing victims of identity theft to request a redacted copy of a fraudulent return that was filed and accepted by the Internal Revenue Service using the identity theft victim’s name and social security number. Partial or full redaction will protect additional possible victims on […]

not-for-profits, accounting standards update, FASB, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

Update on Proposed Accounting Changes for Not-for-Profits

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The Members of the Financial Accounting Standards Board (FASB) met on October 30, 2015 to discuss the feedback received on the proposed Accounting Standards Update, Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities. The timing of a final release for the ASU has not yet been […]

veterans day, salute, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

A Salute to Our Nation’s Veterans

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Tomorrow, Wednesday, November 11, marks yet another Veteran’s Day. This day of remembrance has, at its origin, the celebration of the date on which an enemy of the United States signed an Armistice to end the First Great War at 11:00 am November 11, 1918 (the 11th hour of the 11th day of the 11th […]