Goodwill in a Bad Economy

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today. Continue Reading Goodwill in a Bad Economy

Deciding Between Cash and Accrual Accounting Methods

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them. Continue Reading Deciding Between Cash and Accrual Accounting Methods

2022 Q2 Tax Calendar: Key Deadlines For Businesses And Other Employers

Here are some of the key federal tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Continue Reading 2022 Q2 Tax Calendar: Key Deadlines For Businesses And Other Employers

Your Nonprofit’s Board Needs to Know These Financial Warning Signs

Is your board overlooking potential financial disasters? Continue Reading Your Nonprofit’s Board Needs to Know These Financial Warning Signs

Keeping Your Nonprofit’s Remote Workers Connected

Many employees have been happy working from home during the pandemic, but some workers may have experienced feelings of disconnection and isolation. Continue Reading Keeping Your Nonprofit’s Remote Workers Connected

Take Your Financial Statements to the Next Level

Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. Continue Reading Take Your Financial Statements to the Next Level

Audit Disclosures: Why the Fine Print is Important

Audited financial statements contain footnotes that disclose information that’s vital to making well-informed lending and investing decisions. Continue Reading Audit Disclosures: Why the Fine Print is Important

The Ins and Outs of IRAs

Traditional and Roth IRAs can help you save for retirement on a tax-favored basis. Contributions to a traditional IRA reduce your current tax bill, if you’re eligible, and earnings are tax-deferred. Continue Reading The Ins and Outs of IRAs

How Will Revised Tax Limits Affect Your 2022 Taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. Continue Reading How Will Revised Tax Limits Affect Your 2022 Taxes?