News & Insights
News
Insights
Recent Posts
- What are the Common Warning Signs of Financial Distress?
- Cost vs. Coverage: Renewing Your Business’s Employee Health Plan
- Restricted Gifts and Your Nonprofit’s Responsibility
- Charitable Contribution Deductions: What to Know for Your 2026 Tax Return
- Expecting a Big Revenue Year? Consider Tax Moves Before Year End
- Make More Timely Business Decisions with Interim Financial Reports
- When the Record Matters: Better Board Minutes for Nonprofits
- Consider an Installment Sale to Optimize Taxes When Selling Your Business
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Build a More Resilient Nonprofit with Revenue Diversification
When external conditions change — whether due to economic shifts, policy adjustments or evolving donor priorities — nonprofits that depend on one or two funding sources often face greater financial…
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What If …? How Stress Testing Can Help Your Business Prepare for Economic Uncertainty
Even financially sound businesses can be vulnerable to market volatility and unexpected disruptions. Many companies discover too late that their financial position, internal controls or contingency plans aren’t built to…
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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…