The goal of a risk management program is to identify and manage potential events that could affect an organization. Bankers are adept at risk management practices, but a risk that may be overlooked is the influence employees have on the success of a risk management program.

How should the methodology a state or local government uses to compile financial statements acknowledge such relationships? The Governmental Accounting Standards Board (GASB) addressed that question with the issuance of Statement No. 80 – Blending Requirements for Certain Component Units – in January 2016.

In Texas, a severance tax credit is available for operators of eligible marginal oil leases and gas wells due to the current state of low oil and gas prices.

Companies that lease valuable assets — such as aircraft, real estate and heavy equipment — will soon have to recognize on their balance sheets the assets and liabilities generated by contracts longer than a year under Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842).

Tom Bourke of Pitcher Partners in Australia experiences accounting life in Texas through Weaver's Secondment Program.

Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end is approaching. But don’t succumb. For maximum tax savings, now is the time to start tax planning for 2016.

The Risk Advisory Services Senior Associate is responsible for executing audit procedures and completing various engagement objectives within assigned areas.

To further enable state and local governmental employers to obtain necessary measurements and information for some multiple-employer defined benefit plans, the Governmental Accounting Standards Board (GASB) issued Statement No. 78 – Pensions Provided through Certain Multiple-Employer Defined Benefit Pension Plans – in December 2015.

The Tax Senior Associate II will be responsible for preparing complex tax returns, providing consultative services to clients and assisting with other projects. They will also assist with reviewing the work of less experienced team members.

The Texas Supreme Court ruled in Hallmark Marketing that a taxpayer is not required to subtract net losses on sales of investments and capital assets from the sales denominator (line 25 of the Margin tax return, gross receipts everywhere) in determining the apportionment factor for Texas Margin tax purposes.