- Bonus depreciation was extended to 2019, with some modifications, as part of the latest tax extenders legislation passed by Congress in December 2015.
- Actions the FASB takes can have a significant effect on your financial statements and the impression they leave with users of such statements. Here are areas the FASB is likely to focus on in 2016.
- Pegasus Transportation, Inc. was successfully acquired by CRST International, Inc.
- Understand the process of implementing cybersecurity controls and leading cybersecurity control standards.
- The proposed Cybersecurity Disclosure Act of 2015 has provoked discussion about the role of the Board of Directors in cybersecurity oversight and board member knowledge and awareness of an organization’s cybersecurity management program. Baker Tilly outlines the potential impacts to boards and what’s important to know now.
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