Going concern disclosures today
With the COVID-19 pandemic well into its second year and the start of planning for the upcoming audit season, you…
Is a Health Savings Account right for you?
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible…
10 financial statement areas to watch for COVID-related effects
The COVID-19 pandemic is still adversely affecting many businesses and not-for-profit organizations, but the effects vary, depending on the nature…
Is it time to upgrade your accounting system?
Timely financial data is key to making informed business decisions. Unfortunately, it’s common for managers to struggle with their companies’…
ABLE accounts may help disabled or blind family members
There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without…
Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?
Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial…
You can only claim a casualty loss tax deduction in certain situations
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where…
Best practices for reporting business-related T&E expenses
Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so…
Planning for year-end gifts with the gift tax annual exclusion
As we approach the holidays and the end of the year, many people may want to make gifts of cash…
Third Quarter Estimated Taxes
We wanted to remind you that estimated taxes are due on or before September 15, 2021. If we prepared and…