LIFO Lessons Learned
You have choices when it comes to reporting inventory costs. One popular technique, the last-in, first-out (LIFO) method, assumes that merchandise is sold...
02 November, 2018
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KPM is a highly experienced firm of CPAs and advisors that has served clients throughout Southwest Missouri for decades. As you may know, the accounting industry is always evolving amid complex rules and regulations. As a result, our firm publishes timely updates on a variety of accounting topics to help keep you informed.
Three Critical Human Resources Metrics for Employers
Many employers routinely watch key financial metrics, such as current ratio and gross profit, but these are not the only measures you should...
02 November, 2018
Make Your Non-Profit’s Accounting Function More Efficient
How efficient is your non-profit? Even tightly run organizations can use some improvement — particularly in the accounting area. Adopting the following six...
31 October, 2018
Change Management Does Not Have to Be Scary
Business owners are constantly bombarded with terminology and buzzwords. Although you probably feel a need to keep up with the latest trends, you...
31 October, 2018
Donate Appreciated Stock for Twice the Tax Benefits
A tried-and-true year-end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a...
30 October, 2018
Source: Total System Services
In a recent survey of U.S. consumers, 26% of respondents reported owning a digital assistant such as Google Home, Amazon's Echo/Dot (Alexa), and...
30 October, 2018
How Real Estate Investors Can Uncover Financial Statement Fraud
With millions of dollars at stake, an overextended real estate developer has a lot to lose if lack of funds causes a project...
29 October, 2018
How Auditors Assess Risk When Preparing Financial Statements
Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate...
26 October, 2018
Starting Slow with A SIMPLE IRA
For certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company owner may feel...
26 October, 2018
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