Auditing revenue recognition

Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.

The future of accounting: How to embrace cutting-edge technology

Artificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?

Tips for QuickBooks users: 5 mistakes to avoid during bank reconciliation

Reconciling bank and credit card accounts can be time-consuming and tedious. However, timely reconciliations are essential to accurate financial reporting and fraud prevention.

6 tips to improve job-costing systems

Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.

Solid financial reporting can help attract debt and equity financing

Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds.

Best practices for M&A due diligence

Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal.

Auditing concepts: Close-up on materiality

What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials.

Independent contractor vs. employee status: The DOL issues new final rule

The deadline to comply with a new U.S. Dept. of Labor rule regarding worker classification is fast approaching. Is your company ready?

Federal Tax News for Individuals

1. Working from a home office? 2. Deduction vs. credit? 3. It pays to be energy efficient 4. What exactly is gross income? 5. Data security at the IRS

Tax Breaks for Employer-Paid Education Expenses

Are your employees interested in pursuing work-related education or even an advanced degree? Businesses that invest in their employees' education can upskill their current workforce, boost morale and build loyalty among workers. Plus, it can be a tax-smart move. Here's an overview of the two primary options for offering it as a fringe benefit or setting up an educational assistance program.

2024 Tax Calendar

Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments.

Important Tax Figures for 2024

The following chart provides some important federal tax information for 2024, as compared with 2023. Social Security/ Medicare 20242023 Social Security Tax Wage Base $168,600$160,200 Medicare Tax Wage Base No limitNo limit Employee portion of Social Security 6.2%6.2% Employee portion […]