FASB has proposed some major changes to nonprofit reporting rules. In particular, the board has targeted improvements to: current net asset classification requirements not-for-profit’s liquidity financial performance cash flows. “We believe these changes will refresh the model in ways that will make not-for-profit financial statements even more useful to donors, lenders, and other users,” said […]

Although California’s new sick leave law took effect January 1, 2015, the right to accrue and take sick leave did not take effect until July 1, 2015. Beginning today, California businesses are required to provide paid sick leave to part-time and temporary workers. The new law can be confusing, especially for business who are not […]