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There have been sweeping changes made to the guidance for revenue accounting within ASC Topic 606 by the Financial Accounting Standards Board (FASB) as part of a convergence project with the International Accounting Standards Board (IASB). Those changes come into effect January 1, 2019 for all non-public companies including homeowners associations, condominiums and cooperatives. Because the revenue recognition standard will eliminate the transaction- and industry-specific revenue recognition guidance included in current GAAP and replace it with a principle-based approach, it is important for management companies to gain an understanding of the standard and how it may impact the entity’s revenue recognition.

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The IRS issued Notice 2019-2, updating optional standard mileage rates for business use of a vehicle.

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It is nearly certain that the fourth rate hike of 2018 will come in the next Federal Reserve meeting on December 19, NEARLY is the key word. According to meeting minutes from the last session, experts believe there is roughly a 75 percent chance that the Fed will raise interest rates by 0.25 percent following their meeting later this week.

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As we have witnessed the national sweepstakes for the right to host Amazon’s new headquarters, it has heightened the awareness that corporate executives and high-level employees must have for the potential state and local tax consequences of relocation or even participating in the decision-making process.

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As the seasons change, so does the investment and political environment that the M&A markets face for the remainder of 2018 and well into and beyond 2019.

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On Thanksgiving morning as many of us prepared turkey and green bean casserole, 11 Distinguished Clowns represented UHY LLP in the 92nd Annual America's Thanksgiving Parade! This was the firm's fifth year sponsoring the Distinguished Clown Corps and participating in one of the most storied and important civic events for the city of Detroit.

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The program begins on November 15, 2018 and ends January 15, 2019.

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UHY Advisors, Inc. and UHY LLP (UHY) today announced that it has expanded its office in the Mid-Atlantic region through its merger of the professional services firm Berman Goldman & Ribakow LLP (bgr CPAs), located in Columbia, Maryland. The merger was effective December 3, 2018.

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to make sure all of their tax and accounting reporting is telling a consistent story with their transfer pricing. Otherwise, inconsistency could flag an IRS or foreign tax authority audit.

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The AICPA's Financial Reporting Executive Committee has released a working draft on Inventory Valuation guidance, which will be part of the upcoming release of its Business Combinations Accounting and Valuation Guide.

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