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Year-end physical inventory counts may be needed for businesses with significant inventory such as retailers, manufacturers, contractors, and others when issuing audited financial statements. Auditors observe these counts to evaluate
When planning a major fundraiser such as a dinner gala, it’s easy to get swept up in the “fun” factors such as venue, menu, and entertainment. In retrospect, these are
In 2026, taxpayers in the top federal income tax bracket will begin to see their itemized deductions reduced. Here are steps you can take now to help mitigate the negative
How can you guarantee that when your doors close for the day, your merchandise doesn’t wander out the back door? The term “shrinkage” in the retail space refers to when
This year, the One Big Beautiful Bill Act (OBBBA) introduced an important tax break for certain nonresidential real estate that can be classified as qualified production property (QPP): it now
The One Big Beautiful Bill Act (OBBBA) has significant implications for the most tried and true tax reduction measures and has shifted the landscape for year-end tax planning. A big
Before you buy new accounting software or update your current solution, there are certain criteria that are critical to evaluate. The right platform can help streamline operations and improve financial
One of the most valuable benefits an employer can provide is a 401(k) plan. At the same time, it’s one of the most tempting targets for criminals. Fraudsters are constantly
If you have a blended family, a qualified terminable interest property (QTIP) trust can be a valuable estate planning tool. There’s often a balance between providing for a current spouse
When proposals are given the green light, it’s understandable that you would be thrilled, as your non-profit most likely invests valuable time and effort into its grant proposals. However, you
Discerning whether your employees’ efforts are genuinely contributing to the bottom line can be tricky as an employer. Your eyes may tell you they’re being productive and working hard but
Considering making financial gifts to loved ones? Do you want to reduce your capital gains tax? If you consider giving appreciated stock instead of cash, you could potentially eliminate all
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