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New Standards & Tax Reform

If you missed our recent conference in June for colleges and universities across New York State, here’s a summary that will catch you up on many of the highlights. At our sessions, Bonadio experts provided updates on the new, soon to be effective, financial accounting standards affecting both private and public colleges and universities. In addition to the financial accounting updates from Bonadio people, attendees also heard from Josh Gewolb, partner with the Harter Secrest & Emery law firm. Josh shared insights related to how he believes the 2017 Tax Cuts and Jobs Act would impact institutions of higher learning.

Here are the Key Takeaways from our educational sessions. While these sessions were aimed at institutions of higher learning, the applicability of what was covered has greater application across all for-profit and not-for-profit organizations, so we wanted to share these with all of our Tax-Exempt Times subscribers.

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Robert Urban is a partner based out of our Albany, NY office.

This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute, an accountant-client relationship.