Important Changes to Beneficial Ownership Information (BOI) Reporting Deadlines
On February 18, 2025, action by the U.S. District Court for the Eastern District of Texas resulted in the reinstatement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), making…
The Advantages of Monthly vs. Quarterly Financial Statements
In the fast-paced world of business, a lot can change in just a few weeks, let alone three months. Reviewing financial statements quarterly may seem manageable at first, but when business picks up or unexpected…
A Review of Inventory Accounting for Construction Companies
Many construction businesses reach a point in their growth when they decide to maintain inventories. They might keep on hand items such as building materials, supplies, personal protective equipment and tools. Maybe yours already does.…
Avoid Mixing Personal and Business Accounts
Small business owners and independent contractors are always looking for ways to save time. If you run your own business (or want to start one), it might seem tempting to have a combined business and…
Five Ways to Improve Inventory Management
Efficient inventory management can substantially improve your firm's performance by helping to maintain high customer service levels and reduce variable costs. But reinforcing inventory management isn't a one-time project. It's a constant concern for manufacturers.…
How to Upgrade Your Board’s Financial Skills
Accurate, relevant and timely financial information is key to making good decisions for not-for-profit executives and board members. But do all of your board members really understand the numbers they receive and what they mean…
So Many KPIs, So Much Time: An Overview for Businesses
From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good reason: When you drive a car, you’ve got to keep an eye…
Put a Business Valuation Pro on Your M&A Team
Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. Reasons for the anticipated surge include recent interest rate cuts by the Federal…
6 Reasons to Separate Real Estate from Your Business Assets
When businesses acquire real estate, they often title it under the company name. Although this might seem straightforward and logical, it's not always the best choice — particularly for properties expected to appreciate significantly in…
Video: Holistic Accounting Solutions for Construction & Contractor Businesses
When you’re growing a construction business, the accounting challenges are built in. From compliance issues to job costing to handling certified wages, construction businesses need accounting support from a CPA firm who understands the unique…