Qualified Charitable Distributions
A qualified charitable distribution (QCD) is a transfer made directly from an IRA to a qualified to a charity. The amount distributed counts toward an individual’s required minimum distribution (RMD) from their IRA for the year. In order to make a QCD, an individual must be 70 ½ or older as of December 31, 2019, […]
Congratulations to our newest CPA!
Congratulations to Jordan U’Wren for being officially sworn in as a CPA at the KYCPA Award Banquet on Friday, October 25th. We are so proud of Jordan for all of his hard work and dedication!
RFH Welcomes New Staff!
RFH is thrilled to announce the newest arrivals to our expanding team! Anna Wilcoxson and Caitlin Baker came on board as Associates in our Audit & Tax Department. Anna is a May 2019 graduate with a double degree in accounting and mathematics from Transylvania University. Caitlin joins us as a May 2019 graduate with a […]
UK Accounting Internship and Career Fair
RFH is growing and we are seeking promising young professionals to grow with us. RFH will be participating in the UK Accounting Internship and Career Fair on Friday, September 13th. We are looking for full-time staff accountants to join the firm in either January 2020 or late summer 2020. If you are an accounting student […]
Congratulations Jordan U’Wren!
Congratulations to Jordan U’Wren for passing all four sections of the CPA exam! Jordan joined us in August of 2017 as a graduate from Asbury University and is a valuable member of our team. RFH is proud of Jordan’s accomplishment, and we look forward to seeing his career flourish.
RFH Welcomes New Staff Member
RFH is thrilled to announce the newest arrival to our expanding team! Brock Slater joins our team of Associates in our Audit & Tax Department. He is a May 2018 graduate in accounting from Transylvania University, and most recently was a Field Artillery Officer with the US Army as part of his ROTC training during […]
RFH Annual Volunteer Day
RFH had the honor of volunteering at the Family Care Center located in Lexington. This is an incredible organization that makes such an impact on so many lives and families. Our team had a wonderful experience bonding together while we helped powerwash the sidewalks, weeded the garden, and cleaned the facility’s playgrounds. If you would like […]
2019 Compliance Supplement Changes
The Office of Management and Budget (OMB) is in the process of finalizing the 2019 Compliance Supplement thatis to be used for single audits. The OMB made significant changes to the Compliance Supplement for 2019 including a requirement that agencies identify no more than six compliance attributes that are to be considered for testing. The […]
March of Dimes 5K
RFH had the privilege of donating to and being a part of the March of Dimes 5K that took place on Sunday, May 19th, at Keeneland. We are very passionate about giving back to our community and supporting incredible foundations like the March of Dimes. To learn more about this wonderful foundation and the impact […]
Applying FASB ASU 2014-09 Revenue From Contracts with Customers to Nonprofit Dues
ASU 2014-09 states that entities should adopt a five-step method for recognizing revenue from contracts with customers: Identify contracts with a customer Identify performance obligations in the contract Determine the transaction price Allocate the transaction price to the performance obligations in the contract Recognize revenue when (or as) the entity satisfies performance obligations The application […]
