Richmond VA Accounting Services Blog | Rue & Associates

Blog

17
Oct

FASB simplifies accounting for cloud costs

This month FASB has issued a new standard that is designed to reduce difficulty for the accounting for costs of applying a cloud computing service procedure. The standard aligns the requirements for capitalizing implementation costs acquired in a hosting arrangement …

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16
Oct

The GASB proposes new concepts

GASB presents proposals for improvements to the financial reporting model. The proposals aim to make the model more effective in providing information necessary for decision-making and assessing a government’s accountability. The proposed improvements include: A short-term financial resources measurement focus …

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12
Oct

Basic fraud warning signs

Fraud will always be a constant concern. Here are some red flags that experienced forensic accountants look for. Living beyond your means Signs that employees are living well beyond their means can be a clue that they’re helping themselves to …

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10
Oct

Three tax breaks that can benefit you in the long run

The tax overhaul that was rushed through Congress and enacted last year gave taxpayers little time to comprehend its changes. According to Mitchell Drossman, national director of wealth planning strategies at U.S. Trust “You have to be careful making permanent …

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08
Oct

Referencing the features of 401(k) plan

Management of fiduciary responsibility is a must for business owners who sponsor plans, including plan management, hiring and monitoring service providers, employee education, participant communication, administrative support, and plan design. It should come as no surprise that of all the …

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