Business Insights, Research & Perspectives

A recent class action lawsuit involving a wellness program bears monitoring.  Under Yale’s Health Expectation Program, roughly 5,400 Yale union employees were required to participate in the program, or pay a $25 weekly fine via payroll deduction.  The complaint alleges that the Program violates the Americans with Disabilities Act and the Genetic Information Nondiscrimination Act of 2008.

The IRS released new guidance relating to health savings accounts, specifically expanding the types of treatments and services for certain chronic conditions that constitute preventive care.

Construction Executive Magazine, a publication from Associated Builders and Contractors, recently named CBIZ and MHM to its list of the Top 50 Construction Accounting Firms in the nation.

Several members of the CBIZ and MHM Not-for-Profit Practice attended the AICPA’s not-for-profit conference in Washington D.C. this summer. The annual conference covers hot topics in accounting, tax, and financial advisory, and other industry trends that practitioners and their clients should have on their radar.

For many private companies, the evaluation of the variable interest entity (VIE) guidance to their brother and sister entities has been a confusing and difficult process.

On June 14, the U.S. Department of Treasury (Treasury) and the IRS released final regulations on Global Intangible Low Taxed Income (GILTI), a provision included in the 2017 tax reform law commonly known as the Tax Cuts and Jobs Act (TCJA).

The tax plans for each of the candidates in the 2020 Presidential campaign involve some varied and unique proposals, including a wealth tax, a tax on securities trading transactions, and new refundable credits for low-income housing.

Good news for private companies, nonprofits, and smaller public companies: the FASB is planning to delay the roll-out of its accounting updates to leasing, credit loss impairment standard, hedge accounting, and long-term insurance contracts. Discussions by board members also indicate the FASB may be leaning toward a new approach for future complex accounting standards.

Companies with greater gender diversity in their leadership outperform their less diverse competitors, have higher returns on capital, and are credited with better employee engagement and retention.

As a financial advisor, bankers should have an understanding of cryptocurrency and be prepared to have thoughtful conversations with their customers. Before using cryptocurrency, your bank’s business customers should conduct adequate research to understand how it may impact the company.