Understanding Contributed Services
Contributed services are professional services that have been donated by someone outside of your organization with…
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…
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…
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…
Agency Transactions
According to U.S. GAAP an agency transaction is a transaction in which the reporting organization acts…
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…
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…
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…
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…
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…