The straight line

On April 7th, 2015, the Financial Accounting Standards Board (FASB) unveiled new accounting standards updates. One notable update is the modification to debt issuance costs. This new accounting treatment, as part of the Board’s Simplification Initiative, is aimed at reducing costs and complexities and improving the usefulness of information provided to financial statement users. This...

This happens more frequently than you may be aware of — when you receive your business or personal mail and there is a check from the IRS or your state taxing agency. Great, except you were not expecting a refund. The common reaction is to deposit that check into your bank account. However, if you...

Summer 2015 has been a very busy one for us at Gardiner Thomsen! Some of our employees headed south to Florida for the AICPA Symposium and AAM Conference at Disney World, where they not only attended classes all day but also got to spend some time in the parks! Also, as a proud supporter and...

Before too much attention is placed on the new Accounting Standards Update issued earlier this year, it is important to remain cognizant of the updates from 2014 that have not yet taken effect. Annual periods beginning after December 15, 2016, will be subject to certain disclosures regarding going concern in accordance with FASB ASU 2014–15....

Can you imagine using a computer from the 1960s to run your business? Of course you can’t. But many U.S. merchants and banks still use payment cards with magnetic strip technology that’s more than 50 years old. On October 1, a liability shift goes into effect that may entice businesses to adopt modern “chip” technologies to...

The Equal Employment Opportunity Commission (EEOC) reports the number of age discrimination claims remains high. The EEOC logged 21,396 such cases during its 2013 fiscal year. (The record was 24,582 in the 2008 fiscal year.) What’s more, the EEOC says that monetary benefits paid out for this type of claim reached a staggering total of $97.9 million...