Changes are on the horizon regarding the rules used to determine when revenue from agreements with customers for goods and services is recognized for financial statement purposes.

H&M works with many manufacturing clients and it is important to us to keep you up up-to-date on important industry information. The Tax Adviser does a nice job of explaining these changes. We encourage you to visit the link below to read their write-up. Please contact us with any questions you may have. We would be happy to assist you.

 http://www.thetaxadviser.com/issues/2016/jun/evolving-revenue-recognition-issues-manufacturers.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=21Jun2016