2015 Blog Roundup

Categories: Uncategorized

2015 produced a range of interesting and informative blogs from the Langdon & Company, LLP staff. Here we will look back on some of the highlights from the year.blog round up

January 2015

January brought us the introduction of the upcoming changes in Revenue Recognition. Audit Manager, Lee Byrd, shared with us a summary on the proposed standard in her blog On the Horizon: Revenue Recognition. This blog summarized the five-step model of ASU 2014-09. In September 2015, Audit Senior, Rebecca Lunn, provided an update on the standard while discussing the delay of the effective date by FASB.

February 2015

An audit committee is essential to the fiduciary oversight of a nonprofit organization. Meagan Bulloch, Audit Manager, discussed just this in her blog The Why, Who, What and How of an effective audit committee for nonprofit organizations. Visit the link to read frequently asked questions and answers on this topic.

March 2015

In March, Staff Accountant, Brittany Spragins, touched on a topic that is sometimes difficult to consider but necessary to ensure the protection of our loved ones. In her blog The “Legacy Drawer”, she discusses the most important documents to have in place in preparation of our final days such as a Last Will and Testament, insurance documents, and funeral instructions.

April 2015

April was the time for spring cleaning! This extended to the office in our April 2015 blog Spring Cleaning: Document Retention Policies for Non-Profits by Brittany Powell, Audit Senior. Check out this blog for guidelines on how long to keep those important documents.

May 2015

Have you or your organization ever been the victim of a cyber-attack? While technology is a wonderful tool, it can also make us vulnerable to cyber-attacks in ways we wouldn’t even consider. In May 2015, after news of data breaches at major retailers in the US, Meagan Bulloch, Audit Manager, provided us with great ways to protect ourselves and our organizations against cyber threats. View her blog to find out what you should be doing to protect yourself!

June 2015

In June we considered a different kind of threat. Tax Manager, Susan Dean, walked us through the Taxpayer Guide to Identity Theft posted by the IRS. Her blog provided a host of information on when to recognize and how to protect ourselves against tax identity theft which will be sometime to watch for during the upcoming tax season.

July 2015

In July 2015, Rachel Owens, Senior Accountant, gave us an update on the reporting requirements for NC Adult Care Homes. Cost reports are due December 31, 2015!

August 2015

There’s an App for that! In August, Dwayne Murphy, Audit Senior, summarized the most useful apps available for tracking travel expenses. Hopefully, these apps will make the pesky task of tracking and reporting expenses a little easier.

September 2015

Don’t be surprised at the end of the year by taxes due! Cody Taylor, Staff Accountant, explains how payroll tax withholdings affects your total tax due at the end of the year and how to calculate the proper withholding amounts using the IRS Withholding Calculator. Find the information in Cody’s blog, Are You Withholding Enough?.

October 2015

Ever wonder if you should hire a CPA? In her blog, Why Hire a CPA?, Brittany Spragins, Staff Accountant, provides the reader with numerous reasons that hiring someone with the CPA title can be advantageous to your organization.

November 2015

Ever received a phone call that you thought was from the Internal Revenue Service but later found out it was a scam? If so, you are not alone! In her blog, Have you been scammed?, Susan Dean, Tax Manager, walks you through examples of phone scams and helpful tips on how to recognize and report potential scams.

December 2015

This month, Eric Murphy, Tax Senior, gave us an Update on Increase of Deduction for Purchase of Tangible Property which increased the threshold for capitalization from $500 to $2,500.

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