By Stefanie Wuenscher, CPA On January 9, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20) Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. The FASB issued this update as part of its Simplification Initiative...
By Steven T. Feldbauer, JD Many businesses are not aware of the Tangible Property Regulations (a.k.a. “Repair Regulations”) that were finalized by the IRS that are applicable to tax years starting on or after January 1, 2014. These now-final regulations, which are known mostly only by tax professionals/accountants, do have significant...
By Luke Hoey & Greg Rinderle The Department of Education (ED) recently announced that the selection criteria that are used in determining whether a student has an Unusual Enrollment History (UEH) have been modified. Beginning with the 2015-16 FAFSA processing year, NSLDS will flag an application based on a student’s receipt...
On April 30, 2015, the one and only Cheryl Ford retired from McClintock and Associates. For the past 17 years, Cheryl has graced McClintock and Associates with her hard-working spirit and wonderful attitude. It will not be the same without her around the office. We all wish Cheryl the very...