Changes to the Pennsylvania BCO-10 Filing Requirements

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On December 22, 2017, Pennsylvania Acts 71 and 72 were signed into law and amend the filing requirements for non-profit organizations that conduct solicitation activities within the Commonwealth of Pennsylvania. Pennsylvania requires organizations that solicit contributions to register as a soliciting organization. Prior to the amendments provided by Act 71, an organization that received more […]

Simplifying the Test for Goodwill Impairment

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The Financial Accounting  Standards Board (FASB) recently issued an update, ASU 2017-04, Simplifying the Test for Goodwill Impairment,  that is designed to reduce the cost and complexity of accounting for goodwill impairment. Read the article from the Summer 2017 GYF Perspectives.  

Reducing the Cost of IT Downtime

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Because technology is a major component of daily operations, it is important to stay attuned to the direct and indirect costs and opportunities associated with IT issues. Read the article from the Winter 2017 GYF Perspectives. Read a related article on taking tax deductions for software-related costs. Contact Angie McCoy from the GYF ERP Solutions […]

New FASB Guidance on Accounting for Deferred Taxes

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FASB ASU 2105-17 requires all deferred tax assets and liabilities to be classified as noncurrent on an entity’s balance sheet. This ASU becomes effective in 2016 for public companies and 2017 for all other entities. Other important ASUs became effective at the end of 2015. Read the article from the Spring 2016 GYF Perspectives.