News & Insights
Does Your Municipality Need Bank Reconciliations? Ensure Your Records Match the Bank’s.
June 8th, 2023
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By Rod Taylor |
Accounting & Outsourced Solutions |
Consulting
A bank reconciliation is a process that compares the records of a local government’s bank account with the local government’s financial records. When a local government makes a deposit […]
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What’s in the Fiscal Responsibility Act?
June 5th, 2023
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Accounting & Outsourced Solutions |
Consulting
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). The Fiscal Responsibility Act (FRA) suspends — […]
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How To Develop a Responsible Local Government Budget Process
May 25th, 2023
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By Rod Taylor |
Accounting & Outsourced Solutions |
Consulting
A local government’s budget establishes its vision, strategy, and priorities, and communicates those to its employees and citizens. It could easily be considered one of the most critical tasks appointed […]
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The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
May 23rd, 2023
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Accounting & Outsourced Solutions |
Tax
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of […]
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Social Security’s Future: The Problem and the Proposals
May 18th, 2023
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Accounting & Outsourced Solutions |
Tax |
Wealth Management
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered a “third rail” of American […]