News & Insights
News
Insights
Recent Posts
- Understanding Deferred Taxes: Why Book Income and Taxable Income Don’t Always Match
- Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
- Restructure Your Nonprofit with Confidence
- Which Products Really Drive Your Business’s Profits?
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
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The Audit Findings That Never Seem to Go Away – And How Municipalities Can Fix Them
Audits are designed to improve accountability, strengthen internal controls, and reduce risk. Yet year after year, many municipalities continue to receive the same findings during financial statement audits. But why…
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Knowing What’s Coming: Why Every Local Government Needs a Capital Improvement Plan
A Capital Improvement Plan (CIP) is one of the most critical strategic tools available to local government. Whether for a city, village, township, or county, the CIP answers the fundamental…
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Three Key Considerations for Effective Grant Management in Local Governments
Grants are a critical funding source for local governments, supporting everything from infrastructure improvements to public safety initiatives and community development. However, securing grant funding is only the first step. …
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Where a Management Letter Ends and a Process Review Begins
Municipalities face increasing public scrutiny, tighter budgets, and complex compliance requirements. Financial statement audits are required for municipalities in Michigan and provide essential oversight – but they’re designed to say what happened, not why…
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Recent Uniform Guidance Revisions: What They Mean for Local Government Single Audits
Federal grant rules have changed, and those changes matter for local governments that receive or may receive federal funding. In April 2024, the Office of Management and Budget updated the Uniform Guidance…