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The Cayman Islands opened the Automatic Exchange of Information Portal for Cayman Islands Financial Institutions to register to notify the Cayman Islands of their status. Information for the registration of a reporting Cayman Islands financial institution.

With the adoption of ASC 842, lessees have to analyze operating leases more thoroughly than they were ever required to do under legacy U.S. GAAP (ASC 840). With a number of areas that need to be considered, this article will focus on the following:

According to an American Institute of CPAs’ survey, women now comprise 50% of college accounting program graduates and only 24% of women are partners at firms. This article discusses the challenges and EisnerAmper initiatives.

Revenue Recognition (Topic 605) affects accounting and reporting for all vendors that enter into multiple-deliverable arrangements with their customers. Revenue Recognition (Topic 605) does not affect arrangements for which industry specific allocation and measurement guidance exists, such as software transactions and long term construction contracts.

403b plan audit requirements and regulations such as when a 403b plan audit is required. What happens if the Form 5500 is not filed on time and fiduciary responsibilities inclusing plan governance best practices. Auditors' report modifications and experiences of December 2009 403b plan year end.

Form 5500 Requirements including Financial Reporting Requirements such as plan audit objectives and what is audited. Preparing for the Annual Audit including what the auditor is expecting of You.

The Employee Retention Credit is a fully refundable payroll tax credit for employers. This article examines a few examples of how New Jersey and New York construction businesses may qualify.

Given the new financial reporting requirements for revenue recognition, many contractor companies have begun implementing them. It is imperative that company management have a plan and robust systems in place for their financial reporting.

Managing Fraud Risk Identifying and Preventing Corruption Schemes in Construction Companies presented to the Construction Financial Management Association. A summary of facts relating to Fraud in the Construction Industry based upon findings of the ACFE Association of Certified Fraud Examiners. 

Accounting standards on revenue recognition for the construction industry. The proposed revenue recognition standard would provide one generic standard for all industries, eliminating GAAP industry specific standards. Revenue recognition implementation would be challenging.

This article includes a discussion of some common questions companies might find themselves asking when entering into cloud computing arrangements or hosting arrangements.

An examination of the benefits of a strong cloud accounting system. You’ll find out about how you can improve your planning and decision-making processes.

The unsettled Senate race has reduced the urgency to do estate planning before year-end and has given everyone more time to thoughtfully structure an estate plan. But don’t wait too long.

New York State adopted legislation that outlawed DING Trusts for fiscal years beginning after April 1, 2014. The law treats incomplete gift non-grantor trusts as grantor trusts in the case of New York residents. However, for those outside New York State, this strategy is worth further discussion.

Aggregation Tests regulations allow both individuals and relevant pass-through entities (“RPEs”) to aggregate provided they meet five tests. These include control, majority, same-year, non-SSTB and connection tests.

At long last, the Treasury has released final IRC Sec. 199A regulations. If you own a business and/or receive a pass-through Schedule K-1, contact your tax advisor for a full analysis of how these new laws might affect your business.

With coming New Year's resolutions, it is a good time for clients to consider self-reflection and near term goals. Legacy writing helps clients think about their values and responsibilities, and legacy-writing becomes a metaphor for self reflection.

In August 2018, the Treasury released proposed IRC Sec. 199A regulations to provide some needed clarity as to the application to certain taxpayers and underlying mechanics on the 20% pass-through deduction under the Internal Revenue Code.

Get the latest thoughts, concerns and predictions from a veritable who’s who of New Jersey business leaders at EisnerAmper’s highly influential annual NJ Business Summit. Topics include succession planning, valuations and the tight labor market.

IRS guidance on how qualified retirement plans must treat same-sex marriage and FAQs that address items such as beneficiary designations in profit-sharing plans. Qualified retirement plans are required to operate in compliance with Windsor.