News & Insights

Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits

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If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim […]

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Business Owners, Your Financial Statements are Trying to Tell You Something

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Business owners are commonly and rightfully urged to regularly generate financial statements in compliance with Generally Accepted Accounting Principles (GAAP). One reason why is external users of financial statements, such […]

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2024 School Update: Section 27K Taxability

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The Michigan Department of Education announced the opening of the Section 27K Student Loan Repayment Program.  According to the guidelines, educators who are currently enrolled in and making payments toward […]

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2024 School Update: GASB 101

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GASB Statement No. 101, Compensated Absences requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but […]

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Why It’s Important to Get Your Company’s Financials Done on Time

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Have you completed your company’s year-end financial statements yet? Most calendar-year entities issue their year-end financials by March of the following year. Lenders and investors may think the worst if […]

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