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Archives: October 2018

New FASB Standard Addresses Accounting for Grants and Contracts

Oct 25, 2018
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions…

FASB's New Standard Aims to Improve Not-for-Profit Financial Reporting

Oct 25, 2018
After more than three years of debate, comment, and revision, the Financial Accounting Standards Board’s (FASB) much-anticipated Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements…

New Charitable Contribution Tax Credit for Vermonters

Oct 25, 2018
From the Vermont Department of Taxes - Vermont lawmakers enacted legislation in 2018 that provides for a nonrefundable credit against Vermont tax liability. The credit is 5% of the first $20,000 in eligible…

Vermont Department of Taxes Releases New Fact Sheet for Landlords

Oct 24, 2018
Landlord Certificate is due Jan. 31, 2019 Apartments, single-family homes, condominiums, boarding houses, mobile homes, lots for mobile homes, and rooms in a nursing home or assisted living facility are…

Tax Planning and Tax Preparation are NOT the Same Service

Oct 22, 2018
As year-end approaches, there is no better time than now to begin tax planning for yourself and your business to ensure that you are on track to be in the best possible position for your 2018 tax returns. Tax…