The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), will create challenges and significantly affect the accounting and reporting requirements of most, if not all, school districts.
Far too often accountants and lawyers begin working together later than they should during the process of a fund launch for a mutual investment manager client.
The IRS announced on March 17, 2021 that they would be providing an automatic extension of time for federal income tax filings for individual taxpayers from April 15, 2021 to May 17, 2021, recognizing the continued limitations due to the pandemic and the significant changes affecting many taxpayers as a result of the American Rescue Plan Act, which became law last week.
In 2020, more than two-thirds of company employees used personal communication devices for work, according to recent estimates.
The House of Representatives passed a final version of H.R. 1319, the American Rescue Plan Act of 2021 (ARPA), on March 10, 2021.
Does your 501(c)(7) private club hold nonmember outside events, and do these events generate a profit for the club?