Articles From Lumsden McCormick
Posted by on January 25, 2017
Reporting goodwill in business combinations and testing it for impairment can be confusing — and often requires the use of outside valuation professionals. Here’s why investors are concerned about impairment and what changes are coming soon to the goodwill accounting rules. We’ll also discuss a recent study that reports a substantial increase in impairment losses among U.S. public companies.
Posted by Michael Grimaldi on January 23, 2017
BDO Knows: FASB is made available through our affiliation with BDO USA.
Posted by Jonathan Roller on January 23, 2017
Providing information about sustainable business practices has become increasingly popular as a way to gain a competitive advantage and demonstrate industry leadership.
Posted by Thomas Burns on January 23, 2017
There’s a fine line between a board member helping your nonprofit get fair pricing and the member receiving perceived or actual personal benefits - and the latter can threaten your exempt status.
Posted by Robert Ingrasci on January 17, 2017
An estate tax closing letter (Letter 627) is used to indicate that the IRS has accepted a filing and that federal tax liabilities on an estate return have been satisfied. Read how IRS Notice 2017-12 clarifies which documents may be used to signify the closing of an estate.
Posted by on January 16, 2017
We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs.