Revenue Recognition

The new Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers, fundamentally changes how companies across nearly every industry will recognize revenue. Learn more about how this affects you and your business as well as what’s required and the effective dates.

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The Washington State Department of Revenue determined that payments made by the FDIC to banks that acquire the assets or liabilities of other failing banks are subject to state B&O tax.

The IRS issued final country-by-country (CbC) reporting regulations for US-based multinational enterprise groups, a product of the OECD and G20 countries’ base erosion and profit shifting project.

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