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News Releases

Top 10 trends in the nonprofit industry

By Laurie De Armond, CPA and Adam Cole, CPA - BDO, USA, LLP The nonprofit industry is anything but static. Many outside factors impact their daily operations. Following is a list of what we see as the top 10 trends that are currently impacting nonprofit organizations....

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Prep for the rush: Restaurant M&A heats up (Part 2 of 3)

By Ross Vozar and Adam Berebitsky, BDO USA, LLP FINANCIAL DUE DILIGENCE 101 M&A deals can be time-consuming and complex, especially if one of the parties hasn’t vetted the many financial components that factor into such a transaction. For a deal to progress as...

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Prep before the rush: Restaurant M&A heats up (Part 1 of 3)

By Ross Vozar and Adam Berebitsky, BDO USA, LLP The French Revolution played a pivotal role in the invention of the modern restaurant. Shaking chefs out of the kitchens of the nobility—who were fleeing Paris for their lives—and into their own establishments, the...

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Lessors on the lookout with new lease accounting standards

By Rick Daubenspeck, Managing Director – Tangible Assets – Valuation & Business Analytics, BDO USA, LLP Early in 2016, the Financial Accounting Standards Board (“FASB”) issued a Finance Accounting Standard Update (“Topic 842”), ushering changes to how leases will...

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Court upholds taxpayer win in Grecian magnesite case

On June 11, 2019, the D.C. Circuit Court of Appeals affirmed the Tax Court’s decision in Grecian Magnesite Mining, Industrial & Shipping Co., SA v. Comm’r, 149 T.C. No. 3 (2017), which held that gain recognized by a Greek corporation on the redemption of its U.S....

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