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The U.S. Supreme Court ruling earlier this year has drawn attention to the Patient Protection and Affordable Care Act of 2010. The Act includes some significant tax-related provisions affecting individuals that are schedule to take effect in 2013 and 2014. What individuals and businesses need to do is plan and prepare.
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We often squander valuable resources. A Treasurer is a precious resource and we need to make sure we maximize the potential of that resource. Universally, nonprofit organizations indirectly undermine the benefits that can come from an interactive treasurer relationship. Why does this happen? Simply, nonprofit organizations just have too many barriers in place. Some of these barriers come from poorly designed governance policies and practices. But many of these barriers come from human nature itself. We need to work smarter when it comes to effectively integrating our treasurers into the fabric of our financial management systems. The results will be beneficial and fulfilling.
We have been closely following the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in their deliberations since the Original Exposure Draft was issued in August 2010. We wanted to share the attached White Paper prepared by CBRE, Inc., a real estate brokerage and advisory firm, that effective summarizes frequently asked questions on the proposed changes.
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