What method of accounting is right for your business?

July 29, 2021

Different companies have different financial reporting needs. Is your current accounting method a good fit, or is it time for a change? Businesses need financial information that’s accurate, relevant, and timely. The Securities and Exchange Commission requires publicly traded companies to follow U.S. Generally Accepted Accounting Principles (GAAP), often considered the “gold standard” in financial […]

Client Corner – Florida Health Justice Project

July 29, 2021

Our featured client, Florida Heath Justice Project, engages in comprehensive advocacy to expand healthcare access and promote health equity for vulnerable Floridians. They actively share the stories of Floridians impacted by issues such as dealing with Medicaid, lack of long-term care resources, barriers to care for children, immigrants, the elderly, and the risk of cutbacks […]

Is your nonprofit ready to hire, or is outsourcing a better solution?

July 7, 2021

Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of Labor Statistics. But that’s expected to change quickly as employers ramp up hiring activities. If your not-for-profit will soon need new staffers, you might want to start putting out feelers now. Obviously, […]

Record keeping DOs and DON’Ts for business meal and vehicle expenses

June 17, 2021

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting […]

5 Trends to Watch During the Pandemic Recovery

June 17, 2021

The economic recovery from the COVID-19 pandemic will be different from the recoveries that followed past recessions, Marci Rossell told AICPA governing Council members. Economic downturns typically originate in a sector such as housing, finance, or manufacturing and ripple through the economy from there, said Rossell, an economic forecaster and former chief economist at CNBC. […]

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