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In accrual-basis accounting, timing is everything. One core principle of U.S. Generally Accepted Accounting Principles (GAAP) is the matching concept, which requires organizations to recognize expenses in the same period
When employers’ leadership teams gather to discuss sponsoring a retirement plan, “How about a 401(k)?” is usually among the first questions asked. But it’s essential to consider other options as
Estimating a company’s value requires more than just reading its income statement or balance sheet. Valuation professionals look beyond historical results to assess future potential. To do that, your expert
There are numerous factors to consider when you decide to relocate to another state. Your estate plan likely isn’t top of mind, but it’s wise to review and update it
When many small to midsize businesses are ready to sponsor a qualified retirement plan, they encounter a common obstacle: complex administrative requirements. As a business owner, you no doubt already
To save money, it may be tempting to perform your non-profit’s accounting tasks internally. However, if your staff is inexperienced and not properly trained, mistakes are likely to occur —
On July 1, the U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 with Vice President J.D. Vance casting the
They say age is just a number — but in the world of tax law, it’s much more than that. As you get older, the IRS treats you differently because
Almost all (98%) of respondents to a recent survey conducted by Creditsafe expressed concern about being victimized by vendor fraud. Unfortunately, most business owners and managers aren’t well informed about
In May 2025, the U.S. Census Bureau reports there were nearly 447,000 new business applications. The bureau measures this by tracking the number of businesses applying for an Employer Identification
Although footnote disclosures appear at the end of reviewed or audited financial statements, they’re far more than a regulatory formality. They provide critical insight into a company’s accounting policies, unusual
One of the smartest strategies you can adopt when estate planning is to reduce or avoid probate. Probate is a legal process where the court validates your will, assesses the
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