Advisory Archives | Page 2 of 2 | Kirsch Kohn Bridge CPAs + Advisors

Reporting and Managing Inventory

January 7, 2022/0 Comments/in Advisory /by LG-Admin

When reviewing your company’s inventory practices, start by evaluating whether you’re using the right accounting method. Continue Reading Reporting and Managing Inventory

KPIs: What Are They, and Which Ones Count?

December 30, 2021/0 Comments/in Advisory /by LG-Admin

Key performance indicators (KPIs) are the keys to operating a successful business, especially during times of uncertainty. Continue Reading KPIs: What Are They, and Which Ones Count?

How to Account for Change Orders

December 23, 2021/0 Comments/in Advisory /by LG-Admin

When customers make last-minute changes to contracts, it can be frustrating, and the accounting rules for reporting change orders can be complex. Continue Reading How to Account for Change Orders

Digitizing the Accounts Receivable Process

December 17, 2021/0 Comments/in Advisory /by LG-Admin

While digitalization continues to take hold of the business world, the billing and collections functions at many organizations remain largely paper based. Continue Reading Digitizing the Accounts Receivable Process

Rolling Forecasts Provide Flexibility in Uncertain Times

December 10, 2021/0 Comments/in Advisory /by LG-Admin

As businesses head into 2022, they face unprecedented challenges. In response, many are using so-called “rolling” forecasts to help guide decision-making. Continue Reading Rolling Forecasts Provide Flexibility in Uncertain Times

Coming Soon: New Accounting Rule on Government Assistance Disclosures

December 3, 2021/0 Comments/in Advisory /by LG-Admin

Local governments often provide tax breaks and other financial incentives to lure businesses to town. How much detail are businesses required to disclose about these transactions? Continue Reading Coming Soon: New Accounting Rule on Government Assistance Disclosures

How to Assess Fraud Risks Today

November 12, 2021/0 Comments/in Advisory /by Stacie Malgieri

Do you know how to assess fraud risks? Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks. Continue Reading How to Assess Fraud Risks Today

FASB Offers Practical Expedient for Private Companies That Issue Share-Based Awards

November 5, 2021/0 Comments/in Advisory /by LG-Admin

Many companies award share-based payments to workers to promote exceptional performance and reduce cash outflows from employee compensation. But accounting for these payments can be confusing and time-consuming, especially for private companies. Continue Reading FASB Offers Practical Expedient for Private Companies That Issue Share-Based Awards

Data Visualization: A Picture is Worth 1,000 Words

October 29, 2021/0 Comments/in Advisory /by LG-Admin

When reporting financial data, a picture is often worth 1,000 words. Graphs, performance dashboards and other visual aids can help managers, investors and lenders digest complex financial information. Continue Reading Data Visualization: A Picture is Worth 1,000 Words

Demand Mounts for ESG Attestations

October 22, 2021/0 Comments/in Advisory /by LG-Admin

nterest in environmental, social and governance (ESG) matters has grown significantly during the COVID-19 pandemic. And that momentum may continue under the Biden administration. Continue Reading Demand Mounts for ESG Attestations

CalSavers Deadline is Approaching for California Employers

May 26, 2022/0 Comments/in Tax /by Stacie Malgieri

The CalSavers retirement savings program was first signed into law in 2016 for private sector workers whose employers do not already offer a retirement plan. Employers who already offer a retirement plan are exempt from this requirement. Continue Reading CalSavers Deadline is Approaching for California Employers

Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

May 20, 2022/0 Comments/in Tax /by Stacie Malgieri

The SECURE Act nixed the “stretch IRA” and replaced it with a new 10-year rule on inherited IRAs. However, subsequent IRS guidance has created confusion about when certain beneficiaries must begin taking distributions. Continue Reading Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

May 16, 2022/0 Comments/in Tax /by LG-Admin

If your business has independent contractors or makes other payments to customers or others, you probably file 1099 forms with the IRS. The tax agency is currently sending out notices about these forms to some taxpayers. Continue Reading Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

May 20, 2022/0 Comments/in Tax /by Stacie Malgieri

Reporting and Managing Inventory

KPIs: What Are They, and Which Ones Count?

How to Account for Change Orders

Digitizing the Accounts Receivable Process

Rolling Forecasts Provide Flexibility in Uncertain Times

Coming Soon: New Accounting Rule on Government Assistance Disclosures

How to Assess Fraud Risks Today

FASB Offers Practical Expedient for Private Companies That Issue Share-Based Awards

Data Visualization: A Picture is Worth 1,000 Words

Demand Mounts for ESG Attestations

Insights

CalSavers Deadline is Approaching for California Employers

Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

Proposed Regs for Inherited IRAs Bring Unwelcome Surprises

Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

Important News for California Pass Through Entities: PTE Payment Due June 15

Insights

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