When reviewing your company’s inventory practices, start by evaluating whether you’re using the right accounting method. Continue Reading Reporting and Managing Inventory
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?
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
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
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
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
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
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
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
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
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Year-End Business Newsletter
/in Tax/by KKB CPAsAs another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are a few timely strategies that you can execute before year end to minimize your company’s tax liability. Continue Reading Year-End Business Newsletter
Happy Thanksgiving
/in Tax/by KKB CPAsHappy Holidays from all of us at KKB! Continue Reading Happy Thanksgiving
Choosing a business entity: Which way to go?
/in Tax/by KKB CPAsChoosing the best entity for your business is a multi-faceted decision. Here’s a look at the some of the considerations. Continue Reading Choosing a business entity: Which way to go?