Auditing accounting estimates
Auditors are skeptical of accounting estimates. Here’s what they’re looking for and why, in recent years, they’ve upped the ante on audit procedures related to estimates and the use of specialists.
Valuing tangible property donations isn’t as simple as you may think
When it comes to tangible property donations, value isn’t simply in the eye of the beholder. Generally, you must determine fair market value for tax and financial reporting purposes. Here’s how.
Is now the time for your small business to launch a retirement plan?
Should your small business start offering employees a retirement plan? The recently passed SECURE 2.0 Act contains some interesting incentives to do so.
Getting into data analytics without breaking the bank
Today’s technology allows businesses to engage in intensive data analytics. But it’s hardly a simple or inexpensive endeavor. Here are some important points to keep in mind.
2023 tax calendar
Reference this tax calendar to learn the 2023 deadlines for various tax-related forms and payments.
Tips to help prevent accounting and tax errors
Has your organization documented its accounting processes? Does it follow them? These are only two common financial mistakes made by nonprofits. For others, and ways to prevent them, read on.
Why smaller construction companies should consider the research credit
Builders can be innovators. The research tax credit seeks to reward that innovation. And if you own a small construction business or start-up, this tax break has an intriguing feature related to payroll taxes.
Game on! Just make sure your nonprofit follows tax rules
Holding a charity poker tournament or even a bingo night takes careful planning. When it comes to gaming, you need to follow certain tax and reporting rules. Learn how.
Timing is everything when it comes to accounting software upgrades
Your company’s accounting software might seem like an old friend, but it could be holding you back or even putting your data at risk. Here are some thoughts on deciding whether to upgrade.
Succession planning considerations for construction business owners
Construction business owners often leave one item unchecked on their personal punch lists: Create and maintain a succession plan. Here are some key points to make the task easier.
Does your family business’s succession plan include estate planning strategies?
Are you a family business owner who needs to work on your succession plan? Be sure to consider whether, and when, you want to give up control of the company.
Is it time to update your accounting practices?
Have your accounting procedures and systems kept up with the times? Here are five tips to consider.