News & Insights
News
Insights
Recent Posts
- Which Fringe Benefits are Tax-Free to Employees?
- Debits and Credits: A Practical Guide for Business Owners
- Sometimes How Much is in Tax-Deferred Retirement Accounts May Be Too Much
- Maner Costerisan Recognized as One of West Michigan’s Best Places to Work
- Maner Costerisan Recognized as a Best Place to Work in Michigan
- Reviewing the July 2026 Markets
- A Closer Look at Shareholder Advances
- Let’s Trade! Business Bartering is Still Taxable
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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…