Understanding Contributed Services

Contributed services are professional services that have been donated by someone outside of your organization with
October 18, 2021

US Government to Fine Government Contractors who Fail to Follow Required Cybersecurity Standards (Civil Cyber-Fraud Initiative)

On October 6, 2021, the U.S. Department of Justice (DOJ) said “it will go after federal
October 14, 2021

GAAP Accounting for Third Party Reimbursements: Contributions vs. Exchange Transactions

U.S. GAAP accounting for Federal government grants might seem straightforward after the adoption of ASU 2018-08–Clarifying
October 14, 2021

Guidance Released for the Government Contractor Vaccine Mandate

President Biden’s Executive Order (EO) 14042 requires Federal Government contractors to implement certain measures designed to
October 13, 2021

Agency Transactions

According to U.S. GAAP an agency transaction is a transaction in which the reporting organization acts
September 29, 2021

Aronson LLC’S Services For Hospitality Operations Owned by Private Equity Firms

At Aronson, our Hospitality Services Group helps restaurants, hotels, wholesale distributors, food manufacturers, and other hospitality
September 24, 2021

Tax Legislation on the Horizon in September Budget Resolution

The U.S. House Ways and Means Committee have completed a four-day mark up of crucial tax
September 17, 2021

What are the Cyber Incident Reporting Requirements for Department of Defense (DOD) Contractors?

Defense Federal Acquisition Regulation Supplement (DFARS) 252.204-7012 specifies the safeguarding covered defense information and cyber incident
September 14, 2021

Did You Hear? Vaccinations are Here and Mandatory!

On September 9, 2021 President Biden signed two new executive orders. The first one requires COVID-19
September 10, 2021

Noncash Contributions: Donated Goods and Property

Not-for-profit organizations sometimes receive noncash contributions (also referred to gifts-in-kind or in-kind contributions) in the form
September 9, 2021