October 2019

Join Our Growing Practice

Join Our Team Enjoy a work-life balance culture while working in a broad range of industries at Mitchell Wiggins. You…

Reasons why cash is king

In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3)…

Nonprofits: New alternatives for reporting goodwill and other intangibles

Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations?…

Internal audit 2.0: Paperless and continuous auditing trends

Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to…

Take advantage of the gift tax exclusion rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved…

Measuring fair value for financial reporting

Business assets are generally reported at the lower of cost or market value. Under this accounting principle, certain assets are…

Management letters: Have you implemented any changes?

Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…