January 10, 2019 | By Kevin Blada | No Comments
At one point or another, it’s likely to happen to any healthcare organization: a patient files a medical malpractice claim. The first order of business is usually a call to your attorney and malpractice insurance carrier. But what about a call to your accounting department? Is there even an accounting implication when a malpractice claim […]
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January 2, 2019 | By Spencer Giles | No Comments
Since 1992, Delap Cyber has served a wide variety of financial institution clients, from national banks to local credit unions. But no matter the size of the institution, one constant rings true: all financial institutions face the ongoing challenge of staying on top of cybersecurity. In this article, we outline some of the cybersecurity issues […]
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December 31, 2018 | By Benjamin Miller | No Comments
The Tax Cuts and Jobs Act of 2017 (TCJA) was beneficial to taxpayers in many ways. One would hope so considering the name of the Act. However, there were a few aspects of the TCJA that were unfavorable from the taxpayer’s standpoint. Here we will look at just one of those unfavorable provisions in relation […]
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December 27, 2018 | By Kevin Blada | No Comments
Back in 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, Revenue from Contracts with Customers, which created a new section in the FASB’s Accounting Standards Codification: ASC Topic 606 (ASC 606). Prior to the establishment of ASC 606, the revenue recognition guidance in GAAP consisted of some broad revenue recognition concepts, along with […]
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December 18, 2018 | By Jennifer Lyon | No Comments
One of the more publicized changes under The Tax Cuts and Jobs Act (TCJA) is the Section 199A deduction – commonly known as the Qualified Business Income Deduction. This deduction was designed to keep the tax rate on passthrough entity income competitive with the new lower corporate tax rate of 21% by providing a deduction […]
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