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non profit meeting

Why Excess Benefit Transactions are Out-of-Bounds

You may know that your not-for-profit needs to avoid excess benefit transactions, but are you sure you know what they are? A full understanding can help your nonprofit avoid mistakes.
Business concept of 2022 new year

Are you ready for the upcoming audit season?

An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year.
United States Capitol

U.S. House Passes the Build Back Better Act

The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19.

Businesses Can Show Appreciation — and Gain Tax Breaks — With Holiday Gifts and Parties

The holiday season is just around the corner. Your business may want to show its gratitude to employees and customers by giving gifts or hosting parties after a year of forgoing them due to the pandemic.
How to Assess Fraud Risks Today 

How to Assess Fraud Risks Today 

Do you know how to assess fraud risks? Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks.

Infrastructure Law Sunsets Employee Retention Credit Early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new law has retroactively terminated it before it was scheduled to end.

Many Factors are Involved When Choosing a Business Entity

Are you launching a business or thinking about changing your existing business entity? You’ll need to determine which entity works best for you.

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

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.

Would You Like to Establish a Health Savings Account for Your Small Business?

With the increasing cost of employee health care benefits, your business may be interested in establishing an employer-sponsored Health Savings Account (HSA).