News & Insights
News
Insights
Recent Posts
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
- Take Control of Working Capital
- Corporate Volunteer Programs: Finding the Right Fit for Your Nonprofit
- Senate Taxwriters Approve Bill to Expand Taxpayer Protections
- Educators May Be Able to Claim 2 Deductions for 2026 Classroom Expenses
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Completing Peer Review Engagement Profiles
Completing engagement profiles for the engagements selected in your firm’s peer review is a critically important step which gives the reviewer an outline of key engagement details, such as non-attest…
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Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits
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
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…