Ever wonder why the accounting rules are so complicated and ever-changing? As the markets evolve and new challenges a...
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of th...
A financial statement audit provides a detailed, reliable snapshot of a business’s entire operations. But somet...
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim fin...
Timeliness counts in financial reporting. Here’s why it pays to issue your company’s financial statements...
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a ...
Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which project...
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you...
As costs rise, investors and lenders are eyeing profits closely. Here’s the latest development on the FASB&rsqu...
Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also functio...
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statement...
Has the start of spring piqued your interest in green business practices? Eco-friendly initiatives can be good for th...
Entrepreneurs often invest blood, sweat and tears to start new businesses. But few are experts in financial reporting...
Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’r...
Newly issued rules on how to report supplier finance programs will provide critical information on the financial heal...
New lease accounting rules go into effect this year for private companies and nonprofits. Related-party leases contin...
Has your business forecast its goals for next year? The pandemic has shed light on the shortcomings of static year-en...
As a successful business owner, it's essential to know the reason behind why you're protecting your business and...
You may know where you want your money to go when you die, but let's take a look at how to plan and strategize your w...
Is the success of your business tied to certain “key” people? Many startups, professional service firms a...
The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic...
Data analytics can help your nonprofit validate trends, uncover root causes and improve transparency. But before you ...
Before audit season starts, consider how a conflict of interest could negatively impact your financial statements.
Internal auditors can provide assurance that a nonprofit’s internal controls are effective at minimizing risk, ...
Unscrupulous nonprofits sometimes use “gifts in kind” to mislead donors and boost their ratings. New acco...
Just because your nonprofit’s financial audit has ended doesn’t mean your work is done. Learn what's next...
Who cares if your financial statements are late? Lenders and investors, that's who. Procrastination may cause them to...
Here are some key factors to consider when evaluating your company’s current level of assurance.
Today’s markets are unpredictable, but changing conditions can open new business opportunities.
Even if your nonprofit isn’t required to have an external audit, there are many good reasons to obtain this add...
One of the most important elements of a successful business transition is transferable value. No matter what an owner...
CARES Act - Funding and Employment Retention Provisions
The AICPA released financial reporting considerations related to COVID-19.
New accounting rules for reporting leases finally goes into effect in 2019 for public companies and 2020 for nonpubli...
Under the new requirements of the Uniform Guidance (UG), procurement standards were modified to implement stricter re...
757 Angels Inc., an initiative of Reinvent Hampton Roads, launched last week after more than a year of planning. 757 ...
As companies vie for their share of federal funds in a competitive market, many are weighing the benefits of a small ...
If your nonprofit operates a second-hand store, gift shop or other retail venture, you should be on the lookout for t...
On January 9th, 2013, the 46-day-long General Assembly session opened and, as in previous years, the VRF lobby team h...
As a contractor doing business with the federal government it is important to be familiar with the ever changing regu...
Due diligence is one of the most critical stages in the process of purchasing a business. Some buyers incorrectly ass...
Many construction companies suffer from a disabling condition called “profit fade.” It occurs when a cont...