What’s The Right Fiscal Year End For Your Organization?
For most organizations, closing their books on December 31 for accounting and tax purposes makes the most sense. But just because it aligns with the calendar year, doesn’t mean it’s
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Avoiding Fraud: Identify Lulling Tactics Early On
In a fraud context, the term “lulling” refers to techniques fraud perpetrators use to prevent suspicious businesses or individuals from asking questions, getting angry, or even going as far as
Month-End Close Process Efficiency
Month-end close process efficiency is critical for organizations aiming to produce accurate financials on time. The close process often requires coordination across finance and accounting (F&A), operations, sales and payroll,
Newly Released IRS Guidance On Depreciation Deduction
Last year’s One Big Beautiful Bill Act (OBBBA) created a new but temporary special depreciation deduction allowance for qualified production property (QPP). Certain manufacturing related real property placed in service
Don’t Overlook Leadership Skills When Promoting Supervisors
In January, Gallup published a survey stating that only 30% of supervisors that responded were placed in their roles due to their skills or experience in supervising. The survey also
Estate Planning for Intellectual Property: How to Value & Transfer IP Assets
Estate planning for intellectual property is an important consideration when intangible assets make up a meaningful portion of overall wealth. While estate plans often focus on real estate, investments and
Wage Garnishments: Small Payroll Detail, Big Liability
Wage garnishments can be one of the more complex areas of payroll, with different rules, calculation methods, and compliance requirements depending on the situation. For employers, understanding how garnishments work
Separating Business And Real Estate Ownership: Key Tax & Liability Benefits
Separating business and real estate ownership is a strategy many businesses use by holding property in a separate entity, such as a limited liability company (LLC) or limited partnership. Structuring
Non-Profit Finance Committee Best Practices for Better Oversight & Strategy
Non-profit finance committee best practices start with understanding the committee’s role in maintaining financial stability and accountability. More than just reviewing financial statements, the finance committee helps shape strategy, supports
Liquidation Value Explained: A Key Metric for Critical Business Decisions
Most business valuations focus on a company’s value as a going concern, meaning it is expected to keep operating. But when a business is facing financial challenges, liquidation value, or