With President Biden’s signing of the National Defense Authorization Act for Fiscal Year 2022 (Public Law No. 117-81) (the NDAA) on December 27, 2021, employee stock ownership plans (ESOPs) have...
Over the course of my career, I have reviewed countless investment policy statements. Many times I've found them complicated, incomplete, or simply unclear in terms of roles and responsibilities....
For the second year in a row, Brown Edwards has been named a 2022 Best Accounting Firm and Best Tax Firm in America by Forbes. The list identifies 223 firms across the U.S., from the approximated...
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They...
The 2022 Tax Calendar is here. To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due.
We are all aware that none of us wants to spend fifty hours filling out the 990, which is why the IRS makes you do it as a compliance requirement. So today, I’m going to make lemonade out of lemons...
In Part One of this two-part data breach triage series, we discussed identifying, understanding, and communicating during a breach situation and how breaches should be managed. In this article, we...
Megan joined the BE team as an intern in the Harrisonburg, VA office in 2006, and in 2021, she was promoted to partner! Megan’s area of expertise lies in providing audit and compliance services to...
On Nov. 11, 2021, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2021‑09 entitled, “Leases (Topic 842): Discount Rate for Lessees That Are Not Public...
When considering how they should position their institutions over the long term, leaders of higher education institutions are accustomed to a familiar refrain.