News & Insights
Recent Posts
- Fine-Tune Your Tax Withholding After Filing Your Return
- Cost Segregation Studies Can Reveal Substantial Tax Savings
- Charting the Path Forward: Why Strategic Planning Matters More Than Ever
- The Business Lifecycle Part 2: The Start-Up Stage
- 7 Questions Every Business Owner Should Ask About Their Financial Reporting
- Accountable Plans: A Smarter Way for Nonprofits to Reimburse Expenses
- Tax Mitigation Strategies When Rebalancing Your Investment Portfolio
- Why Business Owners Often Feel “In the Dark” About Financial Performance
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Business Owners, Your Financial Statements are Trying to Tell You Something
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
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
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
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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Auditing Revenue Recognition
The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly is critical to producing accurate financial statements. Under U.S. Generally…