To our YHB Community, I am continually honored to have the privilege of sharing this newsletter with you each year. For many, 2021 was a return to a more normal…
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Virginia’s state minimum wage has increased to $11.00 per hour effective on January 1, 2022, which is $3.75 more than the Federal $7.25 minimum wage. Virginia last saw an increase…
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We’ve published a lot of news in 2021, but a few posts seem to be exceptionally popular! Here’s a review of our top blog posts that received the most attention…
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In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets with the goal of increasing…
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During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals…
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Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider…
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