O’Connor & Drew Blog

The Latest Information From The Professionals At O'Connor & Drew, P.C.
Early Version of Tax Reform Proposals

Early Version of Tax Reform Proposals

HIGHER EDUCATION Early Version of Tax Reform ProposalsRyan McDonell Manager, CPA16 September 2021Last week, the House Ways & Means Committee began discussions on legislative proposals for the Build Back Better Act. The proposals deal with a variety of topics...

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GASB 87 Update

GASB 87 Update

HIGHER EDUCATION GASB UpdateSteven J. Cohen Principal, CPA, CGFM12 July 2021In June 2017, the Government Accounting Standards Board issued GASB Statement Number 87 (GASB 87), Leases. It is effective for fiscal years beginning after June 15, 2021 – this translates to...

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Fiduciary Duties

Fiduciary Duties

EMPLOYEE BENEFIT PLANS Fiduciary DutiesKimberly A. Reed Principal, CPA 14 June 2021The Department of Labor (“DOL”) and Internal Revenue Service (“IRS”) continuously stress the importance of plan sponsors understanding their fiduciary duties in regard to their employee...

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Cybersecurity Guidance

Cybersecurity Guidance

EMPLOYEE BENEFIT PLANS Cybersecurity GuidanceKimberly A. Reed Principal, CPA 14 June 2021The U.S. Department of Labor recently announced new guidance for plan sponsors, plan fiduciaries, record keepers and plan participants on best practices for maintaining...

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