Partial Use Tax Exemption for Manufacturing and R&D

Thursday, February 16, 2017

From July 1, 2014 through June 30, 2022, businesses can take advantage of a partial sales and use tax exemption on purchases of qualified manufacturing and research and development (R&D) equipment. In order to qualify for the partial exemption for businesses in manufacturing or in R&D in the fields of biotechnology or physical, engineering, and […]

Keeping Current on Revenue Recognition Amendments

Thursday, February 16, 2017

To be compliant with US Generally Accepted Accounting Principles (GAAP), private companies will need to adopt the new revenue recognition guidance (Topic 606, Revenue from Contracts with Customers) in 2019. As an update to the current status of the amended requirements, the following summarizes the guidance included in several Accounting Standards Updates (ASUs) issued in […]

Nonprofit Training: Accounting Standards Update (ASU)

Thursday, February 16, 2017

Mike Barloewen, Windes Nonprofit Practice Leader, conducted a training session on January 17 in the Windes Training Center focused on the Financial Accounting Standards Board (FASB) issuance of ASU 2016-14 Not-for-Profit Entities (Topic 958). This update is the culmination of the work of the FASB Not-for-Profit Financial Statements Project and comprehensively addresses the accounting model utilized for nonprofit entities for […]

Virtual Classroom Training at a Kitchen Table Near You

Thursday, February 16, 2017

The old-school classroom, where teachers and students meet face-to-face, is being pushed aside. Taking its place is the virtual classroom, where participants share educational content through on-line tools. More convenient and less expensive than traditional training, the virtual classroom has become commonplace in the corporate realm. The advantage over traditional classroom learning is clear: Virtual classrooms offer an interactive training experience from the comfort of […]

New Partner Finds Surprise Opportunity to Give Back

Thursday, February 16, 2017

When Lorenzo Moran, President of the Los Angeles Chapter of International Society of Filipinos in Finance and Accounting (ISFFA), came across a Windes press release announcing the promotion of Guy Nicio to partner in its tax practice, he could not help noticing the Philippine connection. The press release mentioned that Guy had been an ongoing supporter of a children’s […]