- The US Department of Labor (DOL) issued a report on its inspection of 2011 employee benefit plan audits, Assessing the Quality of Employee Benefit Plan Audits. The report is quite troubling as the DOL found a deficiency rate that is too high for such an important element of the system to protect participants in employee benefit plans.
- Independent Baker Tilly International member firms, Baker Tilly in the US and Collins Barrow in Canada, provide individuals and business insight into tax considerations when doing business across the border
- Baker Tilly's insurance industry specialists discuss if captive insurance companies could be a solution for your organization.
- On April 1, 2015, the Financial Accounting Standards Board (FASB) voted to propose a one-year deferral of the effective date of the new revenue recognition standard, Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), for both public and private entities.
- Proposed regulations revise the scope and definition of internal use software, making it easier to determine what qualifies for the R&D credit.
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