The second round of proposed regulations issued on April 17, 2019 provide additional guidance on some of the questions and issues that remained unclear after the initial round of proposed regulations that were issued in October 2018.

The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule.

The new Accounting Standards Update (ASU) 2016-14 has updated the model for accounting and reporting of financial information within the not-for-profit sector. Grassi & Co.'s Not-for-Profit Practice Leader, David M. Rottkamp provides a detailed explanation of the updates.