FYI


Thomas J. Linsmeier was appointed to a second five-year term as a member of FASB, beginning July 1. The reappointment was made by the Financial Accounting Foundation Board of Trustees, which oversees the activities of FASB and GASB.

 

Linsmeier was appointed to his first term on July 1, 2006. Prior to that, he spent seven years as a member of the accounting faculty at Michigan State University, where he was the Russell E. Palmer Endowed Professor and Chairman of the Department of Accounting and Information Systems in the university’s Eli Broad College of Business.

 

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Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

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