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...
Insights: accounting
What Are the Financial Statements and How to Read Them?
Understanding how to navigate the numbers in a company's financial statements is a crucial skill for stock investors. Analyzing and interpreting...
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...
Are You Thinking About Selling Your Business?
The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses before Congress has...
Adjusting to Manufacturing’s New Normal
The manufacturing industry's dependence on foreign suppliers, especially those in China, has caused concerns for many years. But the COVID-19...
16 Sweet Cost-Cutting Measures for Small Businesses to Consider
Many small business owners are looking forward to the end of 2020. It's been a year of significant hardship and stress. But staying afloat remains a...