How Accounting Expertise Can Add Value to a Business
Accounting has traditionally been focused on historical data and compliance for regulatory and lending purposes. However, it's now at the center of strategic decisions and value creation. Here are ways that accounting professionals can help Read More
Mar 08, 2024
Applying for a Commercial Loan with Confidence
Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or Read More
Feb 28, 2024
Keys to Avoiding Payroll Tax Trouble
What would happen if your company failed to pay the IRS payroll taxes when they're due? You could be on the hook for penalties and, if you're treated as a "responsible party," held personally liable Read More
Feb 27, 2024
Why Footnote Disclosures Are Important
Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial Read More
Feb 26, 2024
QBI Deduction: Use It or (Possibly) Lose It
The qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it's scheduled to disappear, unless Congress passes legislation to extend it. With 2024 underway, it's now use-it-or-lose-it time for the Read More
Feb 26, 2024
An Overview of the Percentage of Completion Accounting Method for Construction Businesses
In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of Read More
Feb 13, 2024
Dos and Don’ts for Business Expense Deductions
As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but Read More
Feb 12, 2024
Factoring Industry Risk into the Business Valuation Equation
There's generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to greater risk. Industry-specific risk is an important consideration when estimating an Read More
Feb 09, 2024
Should Your Business Elect to Pay Pass-Through Entity Taxes?
With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, it’s a good time to review whether you should Read More
Jan 31, 2024
Answers to Common Payroll Questions
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often have questions about their shifting recordkeeping and withholding requirements. Here are some Read More
Jan 30, 2024