4 cost-cutting areas to help your business boost profits

When was the last time your business performed a formal expense review? This exercise can pay off by lowering costs and raising profits.

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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?