News & Insights

Common Bank Reconciliation Pitfalls to Watch For

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Bank reconciliation is one of the simplest — and most effective — internal controls for private businesses. Done consistently and correctly, it helps ensure your financial records are reliable and […]

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The Business Lifecycle Part 1: The Idea Stage

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CPAs working closely with small and mid‑sized business owners have learned there are six distinct stages that make up the lifecycle of a business. In this series, we’ll explore all these stages and the […]

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Why You Might Want to Build a Wall Between Your Business and Its Real Estate

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Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice can provide several advantages, including shielding […]

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Should Your Business Consider a Fiscal Year End?

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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For […]

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IRS Releases Guidance on New Depreciation Deduction

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A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA). It’s available for certain manufacturing-related real property […]

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