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Monthly financial statements are the cornerstone of a thriving business. Yet, relying solely on cash basis accounting practices – such as entering deposits an...
Spotlight: The One Big Beautiful Bill Act
Learn how the One Big Beautiful Bill Act impacts businesses and accounting practices. Explore insights, resources, and expert analysis on this important legislation.
Growth Strategies: How to Take Your Business to the Next Level
Apr 24, 2024Once your business has survived the start-up phase, it’s got a solid foundation to grow. Business and financial advisory services are critical at this sta...
Are You Familiar With the FUTA Tax?
Apr 22, 2024You’re probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and empl...
10 Ways Cloud Computing Can Benefit Manufacturers
Apr 10, 2024The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the modern-day manufact...
GAAP vs. Tax-Basis Accounting: What’s Right for Your Company?
Apr 10, 2024Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financi...
How Construction Businesses Can Better Manage Their Money
Apr 09, 2024For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-...
6 Potential Tax Deductions for Nonprofits
Apr 09, 2024In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek...
Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain
Mar 27, 2024Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the...
Installment Sales Can Be a Win-Win for Buyers and Sellers
Mar 25, 2024For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the end of the tax y...
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?
Mar 13, 2024The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, accor...
