Revenue Recognition of Research Revenue for Broker-Dealers Some broker-dealers are providing research services to their clients where the client ultimately decides if and when to pay, and how much they should pay. Because of this structure, the recording of the revenue for the broker-dealer can be a little tricky. Should the revenue just be recorded…
In a time when many people tend to avoid accountability at all cost, retirement plan trustees cannot shirk their responsibility to execute their fiduciary duty over the plan they administer. The following are some methods that trustees can employ to satisfy their fiduciary responsibility: Form A Committee The old adage, “there is strength in numbers,”…
Late in the afternoon on Friday, February 13, 2015, the IRS issued what many saw as a ray of hope for accountants and taxpayers alike struggling to comply with the final tangible property regulations. Revenue Procedure 2015-20 provides broad relief that will obviate the need for many Form 3115s for qualifying small taxpayers. However, as…
Five Steps to Raising Funds “Step 1: We find the worst play ever written. Step 2: I raise a million bucks. Lots of little old ladies out there. Step 3: You go back to work on the books; one for the government and one for us. Step 4: We open on Broadway and before you…
It’s easy for companies to become paralyzed when it comes to their collaboration technology. The existing systems often have problems that make employees avoid them. That poor user adoption, in turn, makes decision-makers reluctant to invest in revamping, redesigning or upgrading their collaboration solutions. On the surface, at least, it’s a catch-22. Here are some…
An effective corporate intranet supports employee productivity, helping individuals to get work done faster, meet quotas and achieve revenue targets. Intranets work by helping management meet objectives for growth while also investing in your people, giving them time and inspiration to be more creative and innovative. If your intranet is overdue for an overhaul, however,…
Email Ted The Heckerling Institute on Estate Planning is a national gathering place for estate planners including attorneys, trust officers, accountants, insurance advisors and wealth management professionals. Over 3,000 professionals attended this year’s conference in Orlando, FL to gain practical guidance on tax and non-tax issues involved in individual and estate planning. Several WS+B partners…
The Whimsical World of Asset Management – Alternative Investment Jargon Defined As with any niche or industry, the alternative investment industry has its own terminology. In fact, it would be almost impossible to understand a private placement memorandum or subscription document without familiarizing one’s self with this industry specific verbiage. Below are some specific terms…
Let’s Make a Deal “I will take what is behind door #2, Monty. (from the original Let’s Make a Deal Show with Monty Hall) Author’s note – I am really dating myself with this quote. A colleague and I recently had the opportunity to present a session on what we were seeing as trends in…
Share Boards of Directors or Trustees sometimes meet with the organization’s financial auditors as a group. Others elect to appoint a few members of their group to act as an Audit Committee that will deal directly with the auditors and report to the full Board. If you have been appointed to an Audit Committee, you…