Starting to Understand GASB 84
By: Jen Reddington, CPA, Audit Manager The Government Accounting Standards Board (GASB) has issued a new pronouncement, number 84, Fiduciary Activities, that will be effective for periods beginning after December 15, 2018; calendar year 2019 and fiscal year 2020. The objective of this standard.....
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Pass-Through Deduction and Tax Planning
By: Bruce Ruotsala, CPA, Senior Staff Accountant Probably the most anticipated, and misunderstood, provision of the Tax Cuts and Jobs Act (TCJA) is the small business pass-through deduction. The purpose is to provide some parity between the newly lowered corporate tax rates and the tax rates pa.....
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LaPointe, Torrisi, Stanley & Co., PC are pleased to announce their merger with Melanson Heath
LaPointe, Torrisi, Stanley & Co., PC and its affiliate J.C. Driscoll & Co., CPA’s, PLLC are pleased to announce their merger with Melanson Heath, a full-service regional CPA firm with locations in New Hampshire, Massachusetts, and Maine.  The merger will allow us to continue the growth of.....
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Improving Controls Over Disbursements
Improving Controls Over Disbursements By their nature vendor and payroll disbursements are at high risk of abuses and fraudulent activity. There are many things that could go wrong in the process, so it is critical that local governments establish internal controls to minimize those risks. The fo.....
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Understanding the New Revenue Recognition Standards and How they Affect Your Financial Statements
Overview As part of the ongoing effort by the Financial Accounting Standards Board (FASB) to converge generally accepted accounting principles in the United States (U.S. GAAP) with International Financial Reporting Standards (IFRS), Accounting Standards Update (ASU) 2014-09, Revenue from Contrac.....
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