News & Insights
Recent Posts
- The Audit Findings That Never Seem to Go Away – And How Municipalities Can Fix Them
- Looking for Funding? Consider SBA Loans
- Protect Yourself From Fraudsters Impersonating the IRS and Other Tax Scams
- Self-Employed? Don’t Overlook a Roth IRA
- Knowing What’s Coming: Why Every Local Government Needs a Capital Improvement Plan
- Is an Advisory Board the Right Solution for Your Nonprofit?
- Three Key Considerations for Effective Grant Management in Local Governments
- What You Can Do to Protect Your Business from Rising Costs
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Cash vs. Accrual: Choosing the Right Accounting Method
Many small business owners start with simple accounting processes. But as their companies grow, the choice of accounting method can significantly impact taxes, financial reporting and access to financing. Understanding…
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Where a Management Letter Ends and a Process Review Begins
Municipalities face increasing public scrutiny, tighter budgets, and complex compliance requirements. Financial statement audits are required for municipalities in Michigan and provide essential oversight – but they’re designed to say what happened, not why…
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Common Bank Reconciliation Pitfalls to Watch For
Bank reconciliation is one of the simplest — and most effective — internal controls for private businesses. Done consistently and correctly, it helps ensure your financial records are reliable and…
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GASB 104 – Disclosure of Certain Capital Assets
GASB Statement No. 104, Disclosure of Certain Capital Assets, is effective for fiscal years ending June 30, 2026. This Statement requires additional note disclosures for certain types of capital assets,…
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GASB 103 – Financial Reporting Model Improvements
GASB Statement No. 103, Financial Reporting Model Improvements, is effective for fiscal years ending June 30, 2026. This Statement updates several aspects of the governmental financial reporting model, including Management’s…