Clif Daniel

Save Our Stages! What You Need to Know About the Shuttered Venue Operator Grant

The COVID-19 pandemic has been tough on every single facet of American business, especially those that rely on large gatherings. Museums, music venues, concert halls, and movie theaters have all been hit especially hard during the shutdowns. Many of us plan our weekends, vacations, and leisure time around events and activities that take place in…
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Tax Reform Letter

Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a…
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Tax Changes Letter

The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers.   Below are highlights of some of the most significant changes affecting individual and business taxpayers. Except where noted, these changes are…
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Are you Ready? FASB Issues New Guidance on Not-for-Profit Financial Reporting: What You Need To Know

In August 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU 2016-14) in order to simplify the financial statements of non-profits. The new standard helps to improve the financial presentation of the non-profit’s financial statements as well as provide more transparency in the note disclosures. Effective Date: For annual financial statements…
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