4 bookkeeping pitfalls for small businesses to avoid
Some entrepreneurs underestimate the importance of maintaining organized books and records for financial reporting purposes. Here are four tips for building a solid bookkeeping foundation.
Read More New survey reveals top audit committee concerns
Our audit team understands the challenges audit committees face today. Here are five top concerns identified in a recent study.
Read More It’s almost time for a midyear checkup on your company’s financial health
Time flies when you’re busy running a business. It’s important to pause at midyear and assess interim financial performance. Otherwise, you could be surprised by your company’s year-end results.
Read More ESG audits: Navigating new frontiers in corporate responsibility
Does your business provide environmental, social and governance (ESG) reports or disclosures? This is a hot financial reporting topic among stakeholders that warrants attention in today’s markets.
Read More How to communicate accounting information to laypeople
Stakeholders want accurate, transparent information about your organization’s financial performance. It’s up to you to supply them with information they fully understand to make informed decisions.
Read More 6 tips for lowering energy costs to boost profits
Happy Earth Day! In recognition of this “green” holiday on April 22, here are some energy-saving tips for your business that can help save money and the planet.
Read More Getting a handle on inventory
For retailers, manufacturers and many other businesses, a significant amount of working capital is tied up in inventory. What can your company do to lower its inventory carrying costs?
Read More Auditing WIP today
Are your accounting estimates for work in progress (WIP) inventory reasonable? To find out, your auditors will carefully analyze your methods of allocating costs and recognizing revenue.
Read More Mind the GAAP: How to ensure transparency when using non-GAAP metrics
The best metric to gauge a company’s performance may not always be net income or earnings per share, as defined under U.S. Generally Accepted Accounting Principles (GAAP). Increasingly, companies are supplementing their financials with non-GAAP metrics.
Read More How to minimize billing bottlenecks
Today, many companies are seeking innovative ways to improve their financial health. One area to focus on, that’s easy to overlook, is billing and collections.
Read More Federal Tax News for Individuals
1. It's time to think about your withholding for the rest of 2024
2. Don't donate to a charity until you check it out
3. Tax points that new parents should know
4. New guidance concerning home energy rebates
5. Need to amend a tax return?
Read More Chart a Tax Course for Business Travel
Business owners sometimes add a few extra days of leisure to their business trips, whether to relax by the beach or visit family members who live in different cities. With proper planning and documentation, you may be able to deduct some costs — such as transportation, lodging and meals — as legitimate business expenses. Here's a refresher on the tax rules for business vs. personal travel.
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