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The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic...
The price of gas is down from a year ago. How does this affect the amount your business can deduct for business drivi...
How strong are your company’s internal controls? Public companies must answer this question annually, and priva...
Before Dec. 31, your business should buy any needed business assets and place them in service. That way, you can take...
The passive activity loss rules can be complex and trip up some taxpayers. Here are the rules.
The tax rules for treating computer software costs can be complex. Here’s a basic explanation.
Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...
Just because your nonprofit’s financial audit has ended doesn’t mean your work is done. Learn what's next...
With fall's arrival, it’s time for businesses to start thinking about fourth quarter tax deadlines.
Even if your private foundation has good intentions, it may not be enough. You need a conflict-of-interest policy to ...
The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...
Many businesses have undergone strategic shifts during the pandemic. Here’s how to determine whether that chang...
Depreciating assets involves a complex area of tax law; here’s a rundown:
If your business received a PPP Loan, you should be aware of the potential tax implications.
If your business receives large cash or cash equivalent payments, you may have to report them to the IRS.
Nonprofits: here’s what you need to know if you’ve recently joined forces with another entity.
How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report.
Bartering is popular during times of economic downturns, which many businesses are suffering now due to COVID-19...
There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...
Final Indirect Cost Proposals and Year-End Reporting
As we start a new year, it’s time to “close ...
New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...
Although each board's involvement in its not-for-profit agency's operations varies from situation to situation, all b...
Many nonprofit managers regard budgeting as a necessary evil that must be done to satisfy the board of directors and ...
As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...
As a contractor doing business with the federal government it is important to be familiar with the ever changing regu...
Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...