California Conforms to TCJA

Tuesday, September 3, 2019

  After the Tax Cuts and Jobs Act (TCJA) was enacted, there was much speculation on whether states would conform to the bill’s provisions. California has recently passed AB 91, which conforms to a portion of the TCJA. The following are notable changes to California tax law, of which the majority are effective for the […]

California State-Mandated CalSavers Program

Tuesday, September 3, 2019

  In 2016, Governor Brown signed California Senate Bill 1234, which resulted in the creation of a workplace retirement savings program known as the CalSavers Retirement Savings Program (CalSavers). Here are some key features of CalSavers that eligible California employers should be aware of: CalSavers applies to private for-profit and non-profit employers, but not to […]

U.S. Supreme Court Rules in Favor of the Kaestner Trust

Tuesday, September 3, 2019

  The U.S. Supreme Court recently issued a unanimous decision regarding the taxation of trusts. In the case of North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, the Court held that the North Carolina law authorizing the state to tax all of a trust’s income that “is for the benefit of” […]

Windes Named a Best Place to Work

Tuesday, September 3, 2019

Windes has been named as one of the 2019 “Best Accounting Firms to Work For” in the country by Accounting Today and the Best Companies Group (BCG). This survey and awards program is designed to recognize and honor the best employers in the public accounting profession. Recognition is bestowed to the top 100 firms in […]

Leasing and Revenue Recognition Standards Update

Tuesday, September 3, 2019

  Private companies and nonprofit organizations face a heavy burden to keep pace with the ambitious standard-setting of the Financial Accounting Standards Board (FASB). Five major standards are required to be adopted in the near term for a broad range of private companies. Citing limited financial reporting resources of private companies, complexity and size of […]