It has been over two decades since the Financial Accounting Standards Board (FASB) last updated the not-for-profit financial reporting model. Over the past couple of years...

As part of their ongoing efforts to increase the lines of communication between regulators and auditors, the FDIC and OCC each recently held meetings with auditors...

On April 21, 2016 CMS issued proposed Federal Register (CMS-1645-P) regulation updating the federal year 2017 PPS reimbursement and consolidated billing policy.

In an era of globalization and continued growth of international trade, inter-company pricing has become an everyday necessity for many businesses.

Due to the diversity in practice in how certain cash transactions are presented and classified in the Statement of Cash Flows, the FASB has recently issued two ASU...

Manufacturing has long been considered the backbone of our country's industry. It is vital to a country's prosperity, in part because most manufacturing endeavors support a number of related manufacturing...

Financial statement auditing authorities recently issued significant proposed changes to audits of employee benefit plans.

Successful inventory counts and the updating of accounting records is paramount in accurate financial reporting.

Renting out a summer home or ski condo for a few days may be an easy way to help defray a property owner's mortgage payment...

After years of waiting and debating, the long awaited credit losses standard has finally been issued.

The Bipartisan Budget Act of 2015, enacted into law November 2, 2015, significantly changes the current IRS audit rules that apply to partnerships and entities taxed as partnerships...

Long-term care insurance is expensive,

Somehow we are at the end of another year that seems as if it just began. With it comes the end of time to take action that could impact your 2016 tax return.

This Special Tax Season edition of our newsletter contains a list of many articles written by BNN professionals and other tips that are specific to tax season.

For cost report periods beginning on or after 10/1/14, freestanding FQHCs, as well as FQHCs previously reported as part of a SNF or HHA complex, will be required to file on the new Cost Report Form CMS 224-14.

President-Elect Donald Trump's surprise victory last month has generated significant interest in his vision for how tax reform will help...

The federal research and development tax credit represents one of the most powerful ways Congress can encourage innovation.

The Current Expected Credit Loss standard (Accounting Standards Update No. 2016-13) or intimately known as CECL,

On June 16, 2016, the Financial Accounting Standards Board (FASB) issued its long awaited Current Expected Credit Loss impairment standard, or CECL.

Shakespeare, through Polonius, tells us "Neither a borrower nor a lender be; for loan oft loses both itself and friend…" Proposed tax rules suggest that it will also soon lose favorable tax treatment.