January 2020

defeated man with head down on deck in front of laptop

Accounting for indirect job costs the right way

Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing….

coworker staff meeting at table through glass

What are the responsibilities of an audit committee?

Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors…

woman using laptop in the evening

Your home office expenses may be tax deductible

Technology has made it easier to work from home so lots of people now commute each morning to an office…

adult hands holding child hands holding heart with pqrst heartbeat

Nonprofits: Are you ready for the new contribution guidance?

When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added…

delivery man on bicycle handing young woman health lunch

Do you have a side gig? Make sure you understand your tax obligations

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019…

finger pushing risk analysis button

Risk assessment: A critical part of the audit process

Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to…

sketch pad coffee and cactus on wooden desk flat lay

Employee benefit plans: Do you need a Form 5500 audit?

Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each…

illustrated men and woman looking at giant clock and stacks of coins

4 new law changes that may affect your retirement plan

If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed…

coworkers collaborating with graph on computer screen with white chart icons

Benchmarking financial performance

You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference,…

wooden block scrabble letters spelling early with a yellow wooden bird

Help protect your personal information by filing your 2019 tax return early

The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you…