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CBIZ & MHM Executive Education Series™

Third Quarter Accounting and Financial Reporting Update Mike Loritz, Mark Winiarski, Bill Smith Oct. 1 & Oct. 8, 2015

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About Us

• Together, CBIZ & MHM are a Top Ten accounting provider • Offices in most major markets • Tax, audit and attest* and advisory services • Over 2,900 professionals nationwide

A member of Kreston International A global network of independent accounting firms

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Before We Get Started…

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CPE Credit

This webinar is eligible for CPE credit. To receive credit, you will need to answer periodic participation markers throughout the webinar. External participants will receive their CPE certificate via email immediately following the webinar.

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Disclaimer

The information in this Executive Education Series course is a brief summary and may not include all

the details relevant to your situation.

Please contact your service provider to further discuss the impact on your business.

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Presenters

Mike has 18 years of experience in public accounting with diversified

financial companies and other service based companies, including

banking, broker/dealer, investment companies, and other diversified

companies ranging from audits of public entities in the Fortune 100 to

small private entities.

He is a member of MHM's Professional Standards Group, providing

accounting knowledge leadership in the areas of derivative financial

instruments, financial instruments, share-based compensation, fair

value, revenue recognition and others.

816.945.5611 • mloritz@cbiz.com

MIKE LORITZ, CPA MHM Shareholder

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Presenters

Located in our Kansas City office, Mark is a member of our Professional

Standards Group (PSG). Mark's role includes instructing in our national

training program, presenting as a subject matter expert at webinars and

conferences, and preparing MHM publications on accounting and

auditing issues.

As a PSG member , Mark consults with clients and engagement teams

across the country in many areas of accounting and auditing. Mark has

served clients as an auditor, consultant and advisor in numerous

industries including manufacturing, distribution, mining, retail sales,

services and software.

816.945.5614 • mwiniarski@cbiz.com • @KCWini

MARK WINIARSKI, CPA MHM Shareholder

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Bill Smith is a managing director in the CBIZ National Tax Office. Bill

monitors federal tax legislation and consults nationally on a broad range

of foreign and domestic tax services for businesses and individuals,

including mergers and acquisitions, domestic and international

investments or divestitures, and the review, negotiation and drafting of

tax aspects for business agreements.

301.951.3636 • billsmith@cbiz.com

WILLIAM M. SMITH, Esq. Managing Director,

CBIZ National Tax Office

Presenters

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Agenda

Accounting Standards Updates

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Revenue Recognition Update

Other Standard Setting Activity

Federal Tax Update

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ACCOUNTING STANDARDS UPDATES

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FASB - Overall Themes

• Financial Accounting Standards Board • 16 Accounting Standards Updates Issued • Generally narrow scope projects (simplification project) • Potential for leases and financial instruments in Q4

2015?

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Accounting Standard Updates Issued

• ASU 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory

• ASU 2015-12 Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient

• ASU 2015-13 Derivatives and Hedging (Topic 815): Application of the Normal Purchases and Normal Sales Scope Exception to Certain Electricity Contracts within Nodal Energy Markets

• ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

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Accounting Standard Updates Issued

• ASU 2015-15 Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting

• ASU 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments

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Inventory

ASU 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory • Inventory should be measured at the lower of cost or

net realizable value • Replaces the current lower of cost or market concept • Market is defined by three different measurements

Replacement cost Net realizable value Net realizable value less a normal profit margin

• Does not apply to LIFO or Retail Method

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Inventory

ASU 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory • Net Realizable Value

• the estimated selling price in the ordinary course of business, minus the predicted cost of transportation and disposal of the inventory

• The expected cost to complete is considered for WIP • Transition

• Effective beginning after 12/15/16 (Calendar 12/31/17) • Early adoption is permitted • Prospective

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Employee Benefit Plans

ASU 2015-12 Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans

(Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts,

(Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient (EITF Issue 15-C) Key Changes: • Eliminates fair value reconciliation for fully benefit-

responsive investment contracts • Reduces plan investment disclosures • Measurement date practical expedient for periods not

ending on the last day of a month

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Employee Benefit Plans

ASU 2015-12 Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans

(Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully Benefit-Responsive Investment Contracts,

(Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient (EITF Issue 15-C) Key Changes: • Eliminates fair value reconciliation for fully benefit-

responsive investment contracts • Reduces plan investment disclosures • Measurement date practical expedient for periods not

ending on the last day of a month

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Employee Benefit Plans

Considerations: • Change only applies to direct investments in fully benefit

responsive contracts • Indirect investments in fully benefit responsive contracts

should be reported as fair value (pooled separate accounts, common collective trusts, etc.)

• Direct investments in synthetic GIC’s should be reported as fair value as a single investment • Form 5500 reporting requirements do not change – individual

investments should be reported separately • Therefore, the schedule of assets held should report the

individual investments separate • Effective for fiscal years beginning after December 31, 2015,

however, early adoption is permitted.

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Derivative Financial Instruments

ASU 2015-13 Derivatives and Hedging (Topic 815): Application of the Normal Purchases and Normal Sales Scope Exception to Certain

Electricity Contracts within Nodal Energy Markets (a consensus of the FASB Emerging Issues Task Force)

• Certain contracts do not have to be recognized at fair value if they qualify for the normal purchases and normal sales scope exception • Requires physical delivery

• Electricity contracts in nodal energy markets use an interconnected electricity grid run by an independent system operator. • Nodal energy markets use locational marginal pricing, that is, the markets set prices

for electricity at each node or hub location. • This structure led to a diversity in practice as there was a question as to net

settlement

Clarifies that such contracts can meet the scope exception (i.e. they are not considered to be net settled)

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Revenue Recognition – Topic 606

ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

• Permits public companies to apply the new revenue standard to annual reporting periods beginning after December 15, 2017. • Interim reporting periods within annual reporting periods

beginning after December 15, 2017 • Nonpublic organizations would be permitted to apply the new

revenue standard to annual reporting periods beginning after December 15, 2018. • Interim reporting periods within annual reporting periods

beginning after December 15, 2019 • Permits both public and nonpublic organizations to adopt the

new revenue standard early, but not before the original public organization effective date (i.e., annual periods beginning after December 15, 2016).

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ASU 2015-15 Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt

Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff

Announcement at June 18, 2015 EITF Meeting

Clarifies the SEC would not object to presenting deferred debt issuance costs for a line-of-credit as an asset

Debt Issuance Costs

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Business Combinations

ASU 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments

• US GAAP required the acquirer to retrospectively adjust the provisional amounts recognized at the acquisition date • to reflect that information with a corresponding adjustment to goodwill, and • revise comparative information for prior periods presented.

• The amendments require that the acquirer recognize adjustments to provisional amounts that are identified • during the measurement period in the reporting period in which the

adjustment amount is determined, • as well as the effect on earnings, if any, as a result of the change to the

provisional amounts, calculated as if the accounting had been completed at the acquisition date.

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Private Company Council Update

• Preferability project goals • Permit unrestricted one-time adoption for PCC

accounting alternatives • Permit prospective application for future adoptions of

goodwill and interest rate swap accounting alternatives • Exposure draft is being prepared

• New Research Project

• Applying VIE guidance to non-leasing arrangements under common control

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REVENUE RECOGNITION

Current Events

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Exposure Drafts

Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)

• Clarifies that the assessment is below the contract level • Each specified good or service is assessed for whether the

entity is principal or agent

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Exposure Drafts

Principal versus Agent Considerations (continued) • Clarifies the application of when a principal obtains

control: • Obtains a good or another asset from the other party that it then

transfers to the customer; • Obtains a right to a service that will be performed by another party,

which gives the entity the ability to direct that party to provide the service to the customer on the entity’s behalf; or

• Obtains a good or service from the other party that it combines with other goods or services to provide the specified good or service to the customer.

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Coming Soon

Upcoming Exposure Draft Revenue from Contracts with Customers – Narrow Scope

Improvements and Practical Expedients • Clarify that the objective of the collectability threshold is to

assess an entity’s exposure to credit risk for the goods and services that will be transferred to the customer;

• Add a criterion to the alternate recognition model such that if collectability is not probable, an entity should recognize revenue in the amount of consideration received when (a) the entity has transferred control of the goods or services; (b) the entity has stopped transferring additional goods or services; and (c) the consideration received from the customer to date is nonrefundable.

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Coming Soon

Upcoming Exposure Draft Revenue from Contracts with Customers – Narrow Scope

Improvements and Practical Expedients • The FASB also decided to clarify that a completed contract is

one for which all (or substantially all) of the revenue was recognized under revenue guidance in effect before the date of initial application.

• The FASB also decided to amend the transition guidance in Topic 606 to permit an entity to apply the modified retrospective transition approach to all contracts, rather than only those contracts that have not been completed on the date of adoption.

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OTHER STANDARDS-SETTING ACTIVITY

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Issuers & Public Companies

• Finalized pay ratio disclosure • Exposure documents

• Audit Committee Disclosures • Clawback Policies on Executive Pay • Pay vs. Performance Disclosure

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Issuers & Public Companies

Pay Ratio Disclosures • Originally proposed in September 2013 and finalized

on August 5, 2015 • Requires disclosure of the ratio of CEO compensation

to the median compensation for all employees of a company

• Effective January 1, 2017

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Issuers & Public Companies

Concept Release: Possible Revisions to Audit Committee Disclosures

• SEC is interested in receiving information about the audit committee and auditor relationship • Significant changes in the role of Audit Committees as a

result of SOX, listing requirements, PCAOB Rules, etc. • Explore whether improvements can be made to enhance

the information provided to investors about the audit committee’s responsibilities and activities

• Some “have expressed a view that the Commission’s disclosure rules for this area may not result in disclosures about audit committees and their activities that are sufficient to help investors understand and evaluate audit committee performance, which may in turn inform those investors’ investment or voting decisions.”

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Issuers & Public Companies

Supplemental Request for Comment – Rules to Require Disclosure of Certain Audit

Participants on a New PCAOB Form • whether to require firms to file a new PCAOB form to make public the

name of the audit engagement partner and information about certain other participants in the audit.

• PCAOB Form AP, as a potential alternative to the 2013 proposal to promote audit transparency by providing these disclosures in the auditor's report.

• Auditor Reporting of Certain Audit Participants, to be a public information vehicle. Audit firms would use Form AP to disclose the name of the engagement partner on the audit, in addition to information about certain other participants. All Forms AP would be posted and made searchable on PCAOB's website. In addition to filing Form AP, auditors could voluntarily provide the same disclosures in the auditor's report.

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Issuers & Public Companies

Concept Release on Audit Quality Indicators • Seeking comment on the content and possible uses of audit quality

indicators (AQIs), measures that may provide new insights into audit quality.

• The concept release seeks comment on 28 potential AQIs, covering three broad categories:

• Audit Professionals - measures dealing with the availability, competence, and focus of those performing the audit.

• Audit Process - measures concerning an audit firm's tone at the top and leadership, incentives, independence, investment in infrastructure needed to support quality auditing, and monitoring and remediation activities.

• Audit Results - measures relating to financial statements (such as the number and impact of restatements, and measures of financial reporting quality), internal control over financial reporting, going concern reporting, communications between auditors and audit committees, and enforcement and litigation.

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Issuers & Public Companies

Clawback Policies • Required by Dodd-Frank and incremental to the rules required by Sarbanes

Oxley • Requires companies to clawback compensation from senior officers

regardless of whether they had knowledge of, or involvement in, a financial reporting irregularity or restatement

Pay vs. Performance • Proposed rule requiring disclosure of the relationship between company

performance and executive compensation • Requires a performance graph in the Annual Report

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Derivatives & Hedging

Hedging Project – June 29, 2015 Meeting • Effectiveness Threshold

• Retain the highly effective threshold • Presentation & Timing

• The change in the fair value of the hedging derivative would no longer be split between effective and ineffective portions.

• Fair value hedges – If the hedging relationship meets the highly effective threshold, the entire change in the fair value of the derivative would be recorded in the same income statement line as the hedged item.

• Cash flow hedges – If the hedging relationship meets the highly effective threshold, the entire change in the fair value of the derivative would be recorded in other comprehensive income.

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Derivatives & Hedging

Hedging Project – June 29, 2015 Meeting • Component Hedging

• A non-financial hedged item may be a contractually specified component or ingredient linked to an index or rate stated in the contract.

• Hedge Effectiveness Testing • Initial quantitative testing of all hedges required unless

they meet the requirements for the shortcut or critical terms match methods.

• Required to perform subsequent quantitative effectiveness testing only if facts and circumstances change

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Derivatives & Hedging

Hedging Project – June 29, 2015 Meeting • Disclosures

• Require additional disclosures related to cumulative basis adjustments for fair value hedges,

• Amend certain tabular disclosures in current GAAP to focus on the impact of hedge accounting on income statement line items, and

• Require enhanced qualitative disclosures to describe quantitative goals, if any, set to achieve hedge accounting objectives.

• Hedge Documentation • Quantitative testing portion of hedge documentation

requirements before or at the three-month effectiveness testing period.

• The timing of the preparation of all other hedge documentation would not change.

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Derivatives & Hedging

Hedging Project – June 29, 2015 Meeting • De-Designation

• Continued to be allowed • Benchmark Interest Rates

• Variable rate – An entity may designate the contractually specified index rate in cash flow hedges of interest rate risk, thus eliminating the concept of benchmark interest rates for variable-rate financial instruments.

• Fixed rate – Retain the existing definition of benchmark interest rates and also add the Securities Industry and Financial Markets Association Municipal Swap Index (SIFMA) to the list of acceptable rates

• Short Cut • An entity may apply a long-haul method if for some reason

use of the shortcut method was or is no longer appropriate (method must be documented at inception).

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Materiality

• Proposed Concept Statement • Clarifies that materiality is a legal concept • FASB does not define materiality

• Concepts around materiality are defined by auditing

standards (performance materiality, material weakness)

• Materiality has been defined by the supreme court

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Materiality - Disclosures

• Proposed Accounting Standard • Materiality is applied quantitatively and qualitatively to

disclosures individually and in aggregate to the financial statements as a whole

• Materiality is a legal concept • Omission of an immaterial disclosure is not an

accounting error • Comments due December 8th

Existing GAAP states “provisions of the codification need not

be applied to immaterial items.”

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FEDERAL TAX UPDATE

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Republican Candidates’ Tax Plans

• Trump • Tax income of hedge fund partners as ordinary income

• "Hillary and Jeb, in particular, are totally controlled by the hedge fund guys and the Wall Street guys, but hedge funds, in particular.“

• Obama has pushed same proposal at least since American Jobs Act of 2011

• Form House Ways & Means Chairman Dave Camp (R) proposed taxing a portion as ordinary in February 2014 comprehensive proposal

• Fight in Senate Republicans claim it’s Democrats wanting to raise taxes Schumer (D – NY) wants to include real estate activities in the

proposal – generally proposals have been limited to hedge fund managers

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Republican Candidates’ Tax Plans

• Trump Tax Plan September 28 • Simplified tax brackets

• Top individual rate reduced from 39.6% to 25% • Half of lower income families would pay no tax (currently 40%)

No tax for MFJ with income under $50,000 • Four brackets: 0%, 10%, 20% and 25% • Capital gains to stay at 20% for those in 25% bracket (no Net Investment

Income Tax) • No marriage penalty • Top corporate rate reduced from 35% to 15% — no “business income” taxed

at rate higher than 15%

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Republican Candidates’ Tax Plans

• Trump Tax Plan September 28 • Greater phase out of deductions, but preserve charitable giving and

mortgage deduction • Repeal AMT • Eliminate Estate Tax

• 5,000 estate tax returns filed in 2013

• One time repatriation tax of 10% • No deferral of corporate income earned abroad, but keep FTC (and

business rate already reduced by more than half) • Tax investment build up in life insurance policies • Hedge Fund Managers

• Generally paid 2% of assets (ordinary income up to 39.6% currently), with 20% performance incentive (capital gains up to 23.8% currently)

• All taxed at flat 25% rate under Trump plan, so tax savings of 14.6% on asset-based fee, and increase of only 1.2% on incentive

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Republican Candidates’ Tax Plans

• Bush • Tax income of hedge fund partners as ordinary income?? • Reduce number of individual income tax brackets from the current

seven, ranging from 10% to 39.6%, to three — 10%, 25%, and 28% • Cut the top corporate tax rate to 20%, from 35%, and also change it to a

territorial tax system • Cap the total value of tax deductions (like the mortgage interest or

medical deduction, for example) at 2% of a filer's adjusted gross income • Nearly double the size of the standard deduction • Double the earned income tax credit for childless workers

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Extenders and Push for Permanency

• House Ways and Means votes to permanently extend 5 expiring provisions on Sept. 18 1. Bonus Depreciation 2. 15 Year Recovery Period for Qualified Leasehold, Retail and Restaurant

Improvements 3. Teachers’ Deductions 4. Subpart F Exemption for Active Financing Income 5. Look-through Rule for CFCs

• Votes exactly on party lines • Democrats want it to be part of comprehensive reform

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Small Business Relief For Non-ACA Compliant Payment Plans

• Employers that offer health coverage through arrangements where insurance premiums on individual plans are reimbursed or paid by employer (an “EPP”) violate ACA market reform rules, subjecting employer to $100/day penalty for each employee violation (Notice 2013-54). • Treating payments as taxable offers no protection.

• “Small employers” (not a large employer for ACA shared responsibility payment) will not be penalized for 2014 EPPs or payments through June 30, 2015.

• Reimbursing a 2% S corporation shareholder/employee will not subject corporation to penalty until further guidance is issued.

• Two bills (Sen 1697, HR 2911) in Congress addressing the issue: "to provide an exception from certain group health plan requirements to allow small businesses to use pre-tax dollars to assist employees in the purchase of policies in the individual health insurance market, and for other purposes," both introduced on June 25, 2015

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“Gluing a horn on a horse’s head doesn’t make it a unicorn”

• IRS reevaluates whether it will rule on Section 355 spinoffs involving minimal assets in active trade or business

• In January, Yahoo announced spinoff of $35 billion of Alibaba stock into business with $50 million of active trade or business assets ($12 billion of tax at stake)

• IRS: Concerned that some corporations are attempting to satisfy the ATB requirement for spinoffs with a minimum amount of business assets, compared to the amount of passive assets held by the controlled corporation involved in the spinoff. IRS is studying the area and that it is possible IRS will decide not to issue rulings on this issue.

• September 8: Yahoo announced in regulatory filing that IRS will not issue favorable ruling

• Rev. Proc. 2015-43 (Sept. 14): No spinoff rulings for REITS and RICs where passive assets large compared to active Trade or Business assets

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Valuation Discounts

• Current law: Valuation discounts allow taxpayers to transfer minority interests in family entities to family members at a significantly reduced transfer tax cost.

• IRS expected to release new restrictions this summer • Under Section 2704, the IRS may take position that “other

restrictions shall be disregarded in determining the value of a transfer to a family member, if such restriction has the effect of reducing the value of the transferred interest but does not ultimately reduce the value of such interest to the transferee.”

• Catherine V. Hughes, an estate and gift tax attorney-adviser in Treasury's Office of Tax Policy, said Sept. 18 that the government is working hard on the rules, but “cannot estimate when they will be out.”

• Planning: May want to accelerate transfers

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• Maryland has state income tax and county income tax. • Residents were allowed a credit for taxes paid to other

states against Maryland state tax, but not county tax. • Supreme Court upheld Court of Appeals ruling that failure

to do so violated Commerce Clause of the Constitution, resulting in double taxation and discrimination against interstate commerce

• Maryland residents who also file in other states should consider filing amended returns to claim credit against county tax (if any).

• Could impact other states with a local income tax – New York, Pennsylvania, Ohio, Missouri, etc.

• Washington Post reported Sept. 29 that there are 55,000 Maryland residents eligible for $200 million of refunds

Comptroller of Treasury of Maryland vs. Wynne, U.S. Supreme Court May 18, 2015

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Webber v. Comm’r, 144 T.C. 17

• Grantor trusts purchases “private placement” variable life policies

• IRS argued “investor control” doctrine to claim Grantor should be taxable currently

• The money in the separate accounts was used to purchase investments in startup companies with which petitioner was intimately familiar and in which he otherwise invested personally and through funds he managed.

• Petitioner effectively dictated both the companies in which the separate accounts would invest and all actions taken with respect to the investments.

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Isaacs v. Comm’r, TC Memo 2015-121

• TP donated trilobite fossils to California Academy of Science

• Two years of donations, each valued over $100,000 • Obtained donee letter of acknowledgement

• Silent on whether goods or services received in exchange

• TP failed to establish • Qualified appraisal • Qualified appraiser • No goods or services provided in exchange

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In re: Kellerman, 2015-1 U.S.T.C. ¶50,331 (E.D. Ark.)

• A debtor couple’s self-directed individual retirement account (IRA) was not exempt from their bankruptcy estate, because the IRA lost its tax-exempt status before the debtors filed for bankruptcy when the husband directed the IRA to engage in prohibited transactions.

• The husband and wife owned a limited liability company (LLC) that formed a partnership with the IRA to acquire and develop a parcel of real property. Pursuant to the partnership agreement, the husband directed the IRA to purchase the parcel to be developed and convey it to the partnership. The husband also directed the IRA to make a cash contribution to the partnership.

• Under Code Sec. 4975(c)(1)(D) both the cash and noncash contributions constituted prohibited transactions because they were a transfer of income or assets of the IRA to, or for the use or benefit of a disqualified person.

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Ellis v Commr, 2015-1 U.S.T.C. ¶50,328 (8th Cir.)

• TP lost Tax Court Case where purchase of a used car business through a limited liability company by his individual retirement account, and subsequent employment by the business, constituted prohibited transactions under Section 4975

• “To compensate him for his services as general manager, CST paid Mr. Ellis a salary of $9,754 in 2005 and $29,263 in 2006.”

• TP: Company paid me, not IRA. • Court: “By directing CST to pay him wages from funds that the

company received almost exclusively from his IRA, Mr. Ellis engaged in the indirect transfer of the income and assets of the IRA for his own benefit and indirectly dealt with such income and assets for his own interest or his own account.”

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Affordable Care Act: Reporting Obligations

• IRS requires employers to report annually or face significant penalties (penalties are waived for 2015 if good faith effort to comply is demonstrated)

• Form 1094-C. Requests identifying information about “applicable large employer” • Aggregated group, number of 1095-C forms, type of coverage • Requires a month-by-month tally of whether Minimum Essential

Coverage was offered • Form 1095-C. Reports information about each employee

• Determines eligibility for premium tax credits • Provided to each employee included in the report

• Filing Deadlines: • Forms filed with IRS by 2/28 (3/31 if electronically filed) • Employees provided a copy of 1095 by 1/31 • First filings required in 2016 for 2015 calendar-year employers

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Affordable Care Act: Reporting Obligations

• IRS website for ALEs: • http://www.irs.gov/Affordable-Care-

Act/Employers/ACA-Information-Center-for-Applicable-Large-Employers-ALEs • What’s Trending for ALEs • How to Determine if You are an ALE • Resources for Applicable Large Employers; and Outreach

Materials • There are also links to detailed information about tax

provisions, including information reporting requirements for employers; questions and answers; and forms, instructions, publications, health care tax tips, flyers and videos.

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? QUESTIONS

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If You Enjoyed This Webinar…

Upcoming Courses: • 10/13 & 12/10: Revenue Recognition Update for the Technology Industry

• 10/28 & 11/10: Maximizing Tax Savings for Closely Held Companies with the IC-DISC Federal Export Tax Incentive

• 10/29, 11/3 & 11/4: Eye on Washington: Quarterly Business Tax Update, Q3 2015

• 11/5: Individual Year-End Tax Planning Tips for 2015 and Beyond

Related Publications: • Principal Versus Agent Changes Proposed to Revenue Recognition Standard

• FASB's New Employee Benefit Plans Reporting Simplification Rules

• Final and Proposed SEC Rules Target Executive Compensation

• Private Company Council Addresses Preferability and Accounting for Variable Interest Entities

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