Spring cleaning in QuickBooks
Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
Your nonprofit probably won’t be audited by the IRS, but if it is …
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it..
New-and-improved accounting rules for common control leases
Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.
How to get more from your company’s income statement
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.
Beefing up benefits may save tax dollars for construction businesses
Construction business owners: Is your benefits package competitive in today’s tight job market? Here’s a review of some of the most valued options to consider.
Nonprofits: 4 ratios worth watching
What if we told you that only four ratios mattered when it came to managing your nonprofit? OK, that would be an exaggeration. But there are four measures that generally matter more than the rest.
Demystifying deferred taxes
When reviewing a company’s financial statements, you may wonder: What are deferred taxes and how does the company quantify them? Wonder no more.
How businesses can use stress testing to improve risk management
Business owners: The recent news stories about failed or troubled banks has probably caught your eye. Consider it fair warning to engage in sound risk management practices, such as stress testing.
What do the 2023 cost-of-living adjustment numbers mean for you?
Business owners: Be advised that penalties levied under the Affordable Care Act will be going up next year. Now’s a good time to determine whether your company could be at risk.
Make a fraud recovery plan now, before your nonprofit is defrauded
Even if you’ve implemented solid internal controls, occupational fraud can strike your nonprofit. But a fraud emergency plan can help reassure stakeholders and get your organization back up and running.
President Biden’s proposed budget includes notable tax provisions
Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal.