INDUSTRY NEWS2018-02-07T21:17:43+00:00

industry news

Grossman St. Amour CPAs team members address relevant subject matters in the world of accounting, taxation, business valuation and financial planning.  We invite you to review the various industry articles below.   Should you have a question about or interest in a particular subject matter, please contact us.

Impacts of ASU 2016-14

By Christina R. Ondrako, CPA       As mentioned in our article dated August 2018 by Linda Gabor, CPA, CFE, there is new financial statement presentation guidance issued by the Financial Accounting Standards Board (FASB).   Below is a detailed walk [...]

January 17th, 2019|

Financial Pearls of Wisdom-After Finishing College

By Gary A. Grossman, CPA, CFP After finishing college, and upon entering the workforce, there are financial pearls of wisdom that you should consider.  My list includes: 1.  Starting a retirement plan 2. Understanding how to improve your investment's rate [...]

November 21st, 2018|

Upcoming Changes for Not-for-Profit Organization Financial Statements

For guidance on this new Accounting Standards Update, contact Linda Gabor, CPA, CFE at 315.701.6346 or lgabor@gsacpas.com.   Attention donors, grantors, creditors, and other financial statement users!   As a result of a recent Financial Accounting Standards Board Accounting Standards Update (FASB [...]

August 22nd, 2018|

Tax Reform Hurts Homeowners, House Democratic Report Says

Homeowners will be hurt financially by last year’s tax reform, according to a new House Democratic staff report. The report alleges that real estate developers will primarily benefit from the new tax law at the expense of homeowners. The Democratic staff [...]

August 15th, 2018|

Trump, House GOP Lawmakers Discuss Tax Cuts 2.0

President Donald Trump and House GOP tax writers discussed "Tax Cuts 2.0" in a July 17 meeting at the White House. The next round of tax cuts will focus primarily on the individual side of the tax code, both Trump and House Ways [...]

August 15th, 2018|