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How Businesses Can Use Stress Testing to Improve Risk Management
March 31st, 2023
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Consulting |
Risk Management
If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important […]
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MPSERS 147c(2) One-Time Deposits
March 17th, 2023
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Accounting & Outsourced Solutions
The State School Aid Act was recently amended to include one-time distributions under section 147c(2) to participating districts of the Michigan Public Schools Employees Retirement System. These additional payments will […]
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GASB 96 – Subscription-Based IT Arrangements
March 17th, 2023
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Accounting & Outsourced Solutions
The Governmental Accounting Standards Board (GASB) Statement No. 96, subscription-based IT arrangements (SBITAs) is effective for the District’s 2023 year-end. This Statement’s objective is to require recognition of certain lease […]
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The Ripple Effect of Failed Banks
March 17th, 2023
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Wealth Management
Several banks have come under scrutiny as depositors have lost trust in the safety of their deposits and, so far, three banks have failed: Silvergate Bank, Silicon Valley Bank, and […]
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President Biden’s Proposed Budget Includes Notable Tax Provisions
March 16th, 2023
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Accounting & Outsourced Solutions |
Tax
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget, which aims to cut the deficit by nearly $3 trillion over 10 years, includes numerous […]