Update: Not-for-Profit Guidance in Effect: Services Received from Personnel of an Affiliate

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The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2013-06 Not-for-Profit Entities. ASU 2013-06 provides guidance for not-for-profit entities receiving services from the personnel of an affiliate.

Any accounting, business, or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough analysis of specific issues, nor a substitute for a formal opinion, nor was it written to be used to avoid tax related penalties.