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?
Reporting and Managing Inventory
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?
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
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
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
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
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