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Even businesses with the most growth potential will encounter challenges and have difficult decisions to make on the way to success. What’s the difference between…read more
“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal funding. It has been updated…read more
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a…read more
Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than…read more
By scheduling annual financial statement audits, you can demonstrate your organization’s financial fitness to donors and other stakeholders. Plus, state governments and other grant makers…read more
Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies….read more
The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season…read more
The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages…read more
With New Tax Laws Potentially on the Horizon The end of the tax year is fast approaching for many businesses, but their ability to…read more
In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this,…read more
Sally Ip | Staff Accountant Residential Energy Credits have been available to taxpayers who upgrade their homes to improve energy efficiency or make use of…read more
In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related to retirement savings since 2006…read more
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