1. Recent Articles

    1. Severe Weather Threatens Businesses. It’s Time to Measure and Disclose the Risks

      Severe Weather Threatens Businesses. It’s Time to Measure and Disclose the Risks

      The weather affects consumers’ behavior in terms of what products they buy, where they buy them, and in what quantity. Even if a business knows how normal weather affects its earnings, unexpected abnormal weather present their own risks. Today, weather risk management is still in its early days. The majority of businesses do not hedge against weather risks, nor do they have an accurate view on how much is at risk.

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    2. Why States Are Struggling to Tax Services | CPA Practice Advisor

      Why States Are Struggling to Tax Services | CPA Practice Advisor

      As states struggle to align their tax codes with the modern service economy, expanding sales taxes to include activities like personal care, home repair, funeral services, computer maintenance and similar enterprises would seem to be a logical move. But states are finding it's not so easy. Twenty-three state legislatures considered proposals this year to impose taxes on at least some services. But so far, none has made it into law intact -- and most died outright.

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    3. FASB's clarification of the definition of a business has wide implications | Accounting Today

      A recent accounting standards update helps entities evaluate whether transactions should be accounted for as acquisitions or disposals of assets or as businesses. The Financial Accounting Standards Board’s Accounting Standards Update 2017-01 “Business Combinations (Topic 805): Clarifying the Definition of a Business,” states that a business has the following: 2. Processes applied to those inputs; and 3.

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    4. IRS eases retirement plan loans and distributions to Hurricane Irma victims | Accounting Today

      The Internal Revenue Service streamlined the rules Tuesday to make it easier for 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to victims of Hurricane Irma and members of their families. The relief is similar to relief provided recently to victims of Hurricane Harvey. The IRS is also providing tax-filing and payment relief to Irma victims (see IRS offers tax filing relief to Hurricane Irma victims in Florida and Puerto Rico).

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    5. 5 Smart Fundraising Tips From Wealthy Donors

      5 Smart Fundraising Tips From Wealthy Donors

      Fundraising season never really ends, but with the busiest months of the year for major-gift officers right around the corner, now is a good time to brush up on the best ways to attract wealthy donors. High-net-worth philanthropists are often bombarded with gift requests from nonprofits they don’t know well. The Chronicle mined its recent coverage of big donors for the best suggestions on how fundraisers can elevate their organization’s pitch above the din of the crowd.

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    6. Better Understanding Business Models in the Nonprofit Sector

      Better Understanding Business Models in the Nonprofit Sector

      In talking with the leaders of nonprofit organizations across the sector, there is a single truism that undergirds all of our conversations: limits on overhead create a pressure that deeply impacts the choices and tradeoffs leaders wrestle with every day. At Bridgespan, we have spent the last decade hearing this story from nonprofit leaders, and in turn, working with funders to counter the “overhead myth.”

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    7. COSO released updated enterprise risk management framework | Accounting Today

      The Committee of Sponsoring Organizations of the Treadway Commission released a long-awaited update Wednesday to its ERM Framework: Enterprise Risk Management–Integrating with Strategy and Performance, the first since 2004. The updated framework, developed by PricewaterhouseCoopers under the direction of the COSO board, aims to help organizations improve their approach to managing risk.

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    8. 72% of Small Businesses Don't Have Succession Plan

      72% of Small Businesses Don't Have Succession Plan

      There may be nothing more certain than death and taxes, but Americans like to push thoughts of that first topic away. Perhaps that's why almost three-fourths of U.S. small businesses don't have a succession plan and most small business owners don't have a will. That's according to the 2017 Make-A-Will-Month survey by Rocket Lawyer, an online provider of legal services.

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    9. U.S. Business Executives Cite Scarcity of Skilled Personnel as Top Con

      – Business executives maintained their generally upbeat view of prospects for the U.S. economy, and have upgraded expectations for profit and revenue growth over the next 12 months, according to the third-quarter AICPA Economic Outlook Survey , which polls chief executive officers, chief financial officers, controllers and other certified public accountants in U.S. companies who hold executive and senior management accounting roles.

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    10. Winning by Losing? Getting the Supreme Court to review Quill.

      Winning by Losing? Getting the Supreme Court to review Quill.

      By Adam Thimmesch

      The Supreme Court of South Dakota heard oral arguments in South Dakota v. Wayfair, Inc. earlier this week. That case involves a challenge to a South Dakota statute that requires vendors to collect the state’s use tax based solely on their economic connections with the state—a requirement that seems to directly contradict the rule embraced by the Supreme Court in Quill Corporation v. North Dakota. What was unusual about the case is that the state argued that it should lose.

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    11. Companies shouldn't rush to adopt new hedge accounting standard | Accounting Today

      The Financial Accounting Standards Board released its long-awaited hedge accounting standard this week, but companies may want to be careful about adopting it early, or else they could miss out on some one-time benefits. The accounting standards update for hedging, which FASB issued Monday, allows companies takes effect for public companies in 2019 and private companies in 2020 (see FASB releases hedge accounting standard).

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    6. Quotes

      1. We're certainly seeing a good increase in million-dollar gifts and above as well, at least reaching last year's total but most likely the trend suggests that we will surpass last year.
        By Don Fellows
      2. The strong pace of job growth continued in November as the unemployment rate held at its lowest level since April 2008 and labor force participation ticked up.
        By Jason Furman
      3. In today's fast-paced and increasingly competitive marketplace, corporate executives and line-of-business (LoB) managers need easy access to reliable KPI data that can help them make real-time business decisions.
        By Jeffrey M. Kaplan
      4. Organizations want to have the ability to leverage server and storage and networking technology from a variety of vendors and to be able to run the applications on the best suited hardware, whether it's in their data center or in the cloud.
        By Brian Cohen
      5. Venture Atlanta continues to play a significant role in spotlighting the Southeast as an epicenter of entrepreneurial innovation and success.
        By Tino Mantella
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