Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant,...
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each...
At Financial Executives International’s Corporate Financial Reporting Insights Conference last November, staff from the Securities and Exchange Commission (SEC) expressed...
In the ever-evolving landscape of tax regulations, businesses continuously seek strategies to optimize their financial operations and reduce tax liabilities....
Technology is transforming the accounting profession. When businesses moved from paper ledgers to spreadsheets, it improved the timeliness, accuracy and...
In today’s environment of economic uncertainty, interest rate tightening, increased competitive landscape, and more, private equity firms must manage with...
Large companies often face unique challenges when it comes to managing their employee benefit plans, particularly self-funded plans. These companies,...
Stay compliant with The Standard ASC 842 Increase transparency and comparability in financial reporting Requires lessees to recognize most leases on their...
While preparing your succession or estate plan, it’s critical to value your family business both internally and externally. You might wonder what that means...
IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques...
Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their...
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are normally prepared based on the assumption that the company will...
Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according...
Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial...
Using a strengths, weaknesses, opportunities and threats (SWOT) analysis to frame an important business decision is a long-standing recommended practice....
It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions...
Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets....
From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level...
The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges...
It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions...
A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why...
A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why...
Many family businesses have been adversely affected by the novel coronavirus (COVID-19) pandemic. But there’s a silver lining: Proactive tax planning...
The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational...
Source: Forbes Today the US Small Business Administration (SBA) sent an important message: loans under the Paycheck Protection Program (PPP) are not for...
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses...
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions....
Source: SBA Website The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital...
From Department of Labor Website The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with expanded family...
On March 16, 2020, in News Releases, by Staff Tallahassee, Fla. – Today, Governor Ron DeSantis activated the Florida Small Business Emergency Bridge...
