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News & Insights
September 29, 2023
Knowledge Center
FASB approves updated rules for disclosing income taxes
On August 30, 2023, the Financial Accounting Standards Board (FASB) unanimously voted to finalize its proposed improvements to the disclosure rules for income taxes. Here’s what’s changing and when those changes are effective. Rate reconciliation Under the updated guidance, companies will be required to provide a breakout of amounts paid for taxes between federal, state, and […]
September 28, 2023
Knowledge Center
An art collection is a special asset to account for in an estate plan
Some assets pose more of a challenge than others when it comes to valuing and accounting for them in an estate plan. Take, for instance, an art collection. If you possess paintings, sculptures or other pieces of art, they may represent a significant portion of your estate. Here are a few options available to address […]
September 26, 2023
Knowledge Center
With benefits costs likely to rise, employers may want to consider HSAs
It will likely come as little surprise that the cost of health care benefits for employers is expected to rise in 2024. Inflation, though not out of control, remains a persistent problem. Many industries also still face shortages of skilled labor — meaning organizations must offer higher cost benefits to compete for talent. Preliminary results […]
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