7 Reasons Why You Should Choose a CPA
When hiring an individual or CPA firm to prepare a tax return, filers need to understand who they're choosing and what important questions to ask.A...
Insights: accounting
What is Deferred Revenue?
Deferred revenue is a financial concept that refers to money that has been received by a company, but has not yet been earned. It is a liability on a...
IRS Issues Standard Mileage Rates for 2023
The Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating a car for business,...
IRS Extends the Deadline for Amending Eligible Retirement Plans
Notice 2022-45 was released by the IRS which extends the deadline for amending eligible retirement plans. This includes individual retirement...
How to Prepare Financial Statement Document
If you're a thriving business owner, you might be aware of the financial statement. In case you're not aware, we are here to help you with the...
New Accounting Standards Upcoming Effective Dates for Private Company
In this publication, we’ve summarized the new standards that take effect in annual 2021 financial statements for nonpublic entities. Those effective...
5 Benefits of Conducting Annual Business Valuations
Quite often, the information at your disposal plays a significant role in helping you make the right business decisions. That partly explains why...
Nine Ways Contractors Can Maintain Healthy Cash Flow
Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work...
Bad Debts: What Losses Can You Deduct and When?
Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses are...