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Rubino & Company, Chartered (Rubino) is proud to announce that Paul H. Calabrese will be presenting at the Greater Washington Society of CPAs Nonprofit Accounting Symposium. The Symposium will be held December 2 – 4, 2015 at the Walter E. Washington Convention Center in downtown Washington, DC.
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During 2014, the Financial Accounting Standards Board (FASB) issued its long-awaited Accounting Standard Update, ASU 2014-09 Revenue from Contracts with Customers. Most business entities will be affected by the new revenue measurement and recognition rules and increase in disclosures, but the impact will likely vary depending on industry and current accounting practices.
Do you know someone about to get married late this year or early next year? While planning a wedding can be hectic enough, the timing of nuptials can be a very important tax planning consideration. In the eyes of the IRS, being married at year-end translates to joint filing which can change the tax treatment of a number of items. Moreover, deferring a year-end marriage or expediting a union, depending on the circumstances, can either defer or accelerate income possibly resulting in "marriage" penalties.
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