Insights by Author: Stacey Gumley

Gifts-in-Kind: New Reporting Requirements for Nonprofits

June 27, 2022

Nonprofits that receive contributions of nonfinancial assets are subject to new financial reporting rules. Because of…

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Not-for-Profits Now Benefit from GAAP Alternatives

June 28, 2019

The Financial Accounting Standards Board (FASB) recently announced that it will now extend two of its…

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New Accounting Standard Brings Big Changes to Not-for-Profit Financial Reporting

March 16, 2017

Not-for-profit organizations will see big changes coming soon to their financial reporting. After years of discussion,…

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IRS Lowers Fees for Tax-Exempt Charity Application

September 23, 2016

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July…

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Moving Forward with SSARS 21

February 16, 2016

December 15, 2015 marked an important date in accounting and review standards history. One of the…

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Record Retention Guidelines and Policy Development

October 31, 2013

Although the topic of recordkeeping, including retention and destruction of records, may appear to be straightforward,…

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IRS Establishes No Clawback Rule on Gifts and Estates

‘Tis the season for giving! In a recent announcement, the IRS presented the highly-anticipated final regulations ...
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Team Member Spotlight

Congratulations to Ana Cook for completing the Insurance Academy Series with OneDigital! Ana wears many hats ...
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How to Leave Your Digital Legacy

As we continue to expand our digital footprint, it is important to incorporate our digital lives ...
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Year-End Tax Planning for Individuals

As we closed out the 2018 tax filing season, we saw significant changes over the last ...
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Year-End Tax Planning for Businesses

The first year of filing under the new Tax Cuts and Jobs Act (TCJA) is in ...
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Crystal Knepler Named One of the 2019 40 Under 40

Congratulations to BPW Tax Manager Crystal Knepler on being named one of the 2019 40 Under ...
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Required Reporting on Cooperative Commissions in Real Estate Transactions

If you are a real estate broker or agent, you may not be aware of the ...
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Expanded Sec. 152 for Dependents

The Tax Cuts and Jobs Act broadened the Child Tax Credit and introduced some big changes ...
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IRS Sends Warning Letter to Cryptocurrency Users About Reporting

Taxpayers who exchange cryptocurrency may receive a letter this month from the IRS regarding reporting issues. ...
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Team Member Spotlight

Congratulations to our team members on their recent promotions! A total of 13 team members took ...
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Uncertain Future for CA Estate Tax

California is currently among 30 states that do not impose a state estate tax. State legislature, ...
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Top 5 Real Estate Accounting Mistakes

Even some of the savviest real estate brokers can get trapped in the most common accounting ...
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