Recent Posts
- What’s the Right Entity Type for Your New Business?
- Balancing Financial Reporting Needs With Compliance Costs
- Helping Your Nonprofit’s Board Make Sense of Financial Reports
- When the Sale of an Appreciated Home Triggers Taxes — and When it Doesn’t
- Accounting for Business Combinations
- Behind on Bookkeeping? Here’s How to Get Back On Track
- Is Your Nonprofit Properly Insured?
- Rethink Inventory Management
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What’s the Right Entity Type for Your New Business?
Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be held personally liable for…
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Balancing Financial Reporting Needs With Compliance Costs
Issuing financial statements that comply with U.S. Generally Accepted Accounting Principles (GAAP) requires significant time, expertise and resources. Although lenders and other stakeholders often prefer — or require — GAAP…
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Helping Your Nonprofit’s Board Make Sense of Financial Reports
Board members don’t need accounting credentials to provide effective oversight. In fact, many nonprofit boards are intentionally composed of individuals with diverse backgrounds in fundraising, program delivery, community leadership, marketing,…
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When the Sale of an Appreciated Home Triggers Taxes — and When it Doesn’t
Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains when they sell. Of course a large profit…
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Accounting for Business Combinations
Mergers and acquisitions (M&A) provide growth opportunities. But these transactions also introduce accounting complexities. Here’s a closer look at the rules for reporting business combinations under U.S. Generally Accepted Accounting…