On September 8, 2016 the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to improve accounting for hedging activities. On June 7, 2017, the FASB voted to proceed with this new standard on hedging activities with the final ASU expected to be published in August 2017.
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Updated Standards for Accounting for Hedging Activities

On September 8, 2016 the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to improve accounting for hedging activities. On June 7, 2017, the FASB voted to proceed with this new standard on hedging activities with the final ASU expected to be published in August 2017.

You're Invited! Cyber Security: Covering Your Digital Assets

It’s not just big companies like Target or Home Depot that need to worry about cyber security. 43% of all cyberattacks target small and medium businesses (SMBs). Most don’t have in-house experts to deal with breach issues, and the average recovery cost is $36,000. Sadly, 60% of SMB’s who have their computers successfully attacked end up having to close their doors within six months of the breach. Click here for event details.

Columbus C.E.O. Best of Business 2017: Voting Now Open

GBQ is honored to have been nominated for Columbus C.E.O. magazine's "Best of Business" reader poll for the category of Best Accounting Firm.

Help us celebrate by casting your vote!

Pro Forma Compilations Look At How An Alternative Course Of Action Would Have Affected Financials

New AICPA guidance clarifies how your historical financial statements might differ if you’d taken a different course of action.

Timeliness Counts In Financial Reporting

Who cares if your financial statements are late? Stakeholders! Here’s what investors and lenders may be thinking when there’s a delay.

You Don’t Have To Take Business Insurance Costs Sitting Down

You shouldn’t run your business without proper insurance coverage. But savvy owners can identify ways to lower premiums. Here are some ideas to consider.

Business Owners: Put Your Successor In A Position To Succeed

You’re depending on your successor to lead your company after you step down. But, first, he or she is depending on you to provide the proper mentorship and support. Here are some ideas for doing so.

Videotaping Your Will Signing May Not Produce The Desired Outcome

If you have concerns that a member of your family might contest your will after your death, videotaping yourself signing it may not be advisable. Consider an alternative strategy instead.

Is Now The Time For A Charitable Lead Trust?

Today’s relatively low interest-rate-environment makes charitable lead trusts (CLTs) an especially powerful charitable giving tool. Outperforming the Section 7520 rate is the key.

Coverdell ESAs: The Tax-advantaged Way To Fund Elementary And Secondary School Costs

Coverdell ESAs aren’t just for tax-advantaged college saving. They can fund K-12 expenses, too. But many rules apply that might limit an ESA’s potential benefits for your family.

Pay Attention To The Details When Selling Investments

If you want to minimize taxes on your sales of investments, the details matter. If you don’t pay attention to them, the tax consequences may be different from what you expect.

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