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The Cents-per-Mile Rate for Business Miles Decreases Again for 2021 Image
The Cents-per-Mile Rate for Business Miles Decreases Again for 2021

The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...

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2/18/2021
ICFR Assessment and Attestation: Are You In Compliance with the Rules? Image
ICFR Assessment and Attestation: Are You In Compliance with the Rules?

How strong are your company’s internal controls? Public companies must answer this question annually, and priva...

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2/10/2021
Small Businesses: Cash in On Depreciation Tax Savers Image
Small Businesses: Cash in On Depreciation Tax Savers

Before Dec. 31, your business should buy any needed business assets and place them in service. That way, you can take...

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12/15/2020
Understanding the Passive Activity Loss Rules Image
Understanding the Passive Activity Loss Rules

The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.

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10/29/2020
The Tax Rules for Deducting the Computer Software Costs of Your Business Image
The Tax Rules for Deducting the Computer Software Costs of Your Business

The tax rules for treating computer software costs can be complex. Here’s a basic explanation.

How to Report COVID-19-Related Debt Restructuring Image
How to Report COVID-19-Related Debt Restructuring

Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...

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9/29/2020
What To Do When The Audit Ends Image
What To Do When The Audit Ends

Just because your nonprofit’s financial audit has ended doesn’t mean your work is done. Learn what's next...

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9/28/2020
2020 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers Image
2020 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

With fall's arrival, it’s time for businesses to start thinking about fourth quarter tax deadlines.

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9/23/2020
Private Foundations Need Strong Conflict-of-Interest Policies Image
Private Foundations Need Strong Conflict-of-Interest Policies

Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...

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9/21/2020
Employers Have Questions and Concerns About Deferring Employees' Social Security Taxes Image
Employers Have Questions and Concerns About Deferring Employees' Social Security Taxes

The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...

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9/17/2020
Reporting Discontinued Operations Today Image
Reporting Discontinued Operations Today

Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...

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9/15/2020
5 Key Points About Bonus Depreciation Image
5 Key Points About Bonus Depreciation

Depreciating assets involves a complex area of tax law; here’s a rundown:

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9/9/2020
The Possible Tax Consequences of PPP Loans Image
The Possible Tax Consequences of PPP Loans

If your business received a PPP Loan, you should be aware of the potential tax implications.

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8/20/2020
File Cash Transaction Reports for Your Business - On Paper or Electronically Image
File Cash Transaction Reports for Your Business - On Paper or Electronically

If your business receives large cash or cash equivalent payments, you may have to report them to the IRS. 

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8/12/2020
Financial Reporting for Nonprofits That Have Teamed Up Image
Financial Reporting for Nonprofits That Have Teamed Up

Nonprofits: here’s what you need to know if you’ve recently joined forces with another entity.

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8/11/2020
Reporting CAMs in the COVID-19 Era Image
Reporting CAMs in the COVID-19 Era

How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report. 

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8/3/2020
Even If No Money Changes Hands, Bartering Is A Taxable Transaction Image
Even If No Money Changes Hands, Bartering Is A Taxable Transaction

Bartering is popular during times of economic downturns, which many businesses are suffering now due to COVID-19...

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7/23/2020
Preparing Your Company for Possibly Disruption Due to the Coronavirus Image
Preparing Your Company for Possibly Disruption Due to the Coronavirus

There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...

Get Your Final Indirect Cost Proposals Right for Year-End Reporting Image
Get Your Final Indirect Cost Proposals Right for Year-End Reporting

Final Indirect Cost Proposals and Year-End Reporting

As we start a new year, it’s time to “close ...

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1/28/2020
Prepare For New Lease Accounting

New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...

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9/25/2018
Goal of Board: Fiscal Responsibility

Although each board's involvement in its not-for-profit agency's operations varies from situation to situation, all b...

Budget Preparation a Time For Problem Solving

Many nonprofit managers regard budgeting as a necessary evil that must be done to satisfy the board of directors and ...

Understanding Small Business Certification Image
Understanding Small Business Certification

As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...

Understanding The DCAA Audit Process Image
Understanding The DCAA Audit Process

As a contractor doing business with the federal government it is important to be familiar with the ever changing regu...

Due Diligence: How to Avoid Surprises When Acquiring a Manufacturing Company

Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...