What do the 2023 cost-of-living adjustment numbers mean for you?
Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning.
Boo! Consider a surprise audit to keep your accounting department on its toes
Routine financial statement audits are great for corporate governance. But could your organization also benefit from periodic “surprise” audits?
Manageable growth should be a strategic planning focus
If significant growth is part of your company’s strategic plan for the coming year, be careful. Growing a business too quickly can lead to serious financial problems.
Inflation Reduction Act expands deductions for energy-efficient construction
Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.
Ratio analysis: Extracting actionable data from your financials
Here are four categories of financial ratios that can help you make better, more-informed decisions about your company’s financial future.
Inflation Reduction Act expands valuable R&D payroll tax credit
The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.
9 cash-flow management tips for construction companies
Construction businesses face great challenges when it comes to managing cash flow. Here are nine ways to help your cause.
Lost your tax-exempt status? Here’s how to regain it
If your nonprofit loses its tax-exempt status for failure to file Form 990, don’t panic. You can submit an application to the IRS for reinstatement. But don’t wait! This is what you need to do.
Is it time to review and refresh your nonprofit’s board?
If your nonprofit’s board isn’t meeting expectations, it’s probably time to find new members and possibly replace some old ones. This governing body is too important to your organization’s future to leave problems unresolved.
Using agreed-upon procedures to target specific items of concern
If you want to know more about a specific account or nonfinancial matter, an agreed-upon procedures engagement may fit the bill.
Why auditors prefer in-person interviews to assess fraud risks
Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud risks during an audit, a face-to-face interview is critical to help detect nonverbal cues.
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why.