News & Insights

Preparing for an audit is one of the most important financial responsibilities a local government faces each year. While audits help meet regulatory requirements, they also reflect a municipality’s ability […]

Reading and understanding a local government financial statement can be overwhelming and confusing. Although the Uniform Budgeting and Accounting Act may mandate the audit, board members often miss the opportunity […]

The 2022 Inflation Reduction Act (IRA) opened new opportunities in tax credits. Nonprofits and governmental entities can now use certain tax credits even though they might not be liable for […]

In a historic “first,” President Trump signed three executive orders (EOs) on February 1, 2025, imposing new 25% ad valorem tariffs that would apply to most merchandise imported into the […]

By 2003, local governments began reporting capital assets on their financial statements after implementing the Government Accounting Standards Board (GASB) Statement 34. This requirement was intended to help users of […]