BLS Insights

Of the many decisions that a nonprofit organization needs to make, setting standards for board-member size may not be at the top of the priority list; yet this decision is … Continued

Prior to 2018, taxpayers could take a deduction for personal casualty losses experienced during the tax year.

The marriage tax penalty or benefit occurs from a change in a couple’s tax liability as a result of marriage and subsequently filing jointly. The marriage tax penalty results when … Continued

Did you file a timely income tax return and then realize you missed something or made a mistake?

On May 23, 2019, the House passed a bipartisan bill by a vote of 417-3 to enhance the opportunities for individuals to save more for retirement. The bill is now … Continued

Accounting Standard Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) – An Overview for Not-for-Profit Organizations Accounting Standard Update (ASU) 2016-13: Financial Instruments – Credit Losses (Topic 326) … Continued

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on not-for-profit financial statements. ASU 2016-14 … Continued

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-14 (ASU 2016-14) to make improvements to the communication of information on nonprofit financial statements. ASU 2016-14 … Continued

A new year means lots of new changes.

The Delaware Division of Revenue has issued an alert regarding a new taxpayer scam designed to trick taxpayers into thinking they have received official communication from the Division of Revenue.