How to prepay expenses strategically and report them accurately

Thursday, September 11, 2025
In accrual-basis accounting, timing is everything. One core principle of U.S. Generally Accepted Accounting Principles (GAAP) is the matching concept, which requires organizations to recognize expenses in the same period...... Read More

What the new tax law could mean for you

Tuesday, September 09, 2025
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July...... Read More

The new law includes favorable changes for depreciating eligible assets

Monday, September 08, 2025
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating...... Read More

Safe harbor 401(k)s offer businesses a simpler route to a retirement plan

Friday, September 05, 2025
When many small to midsize businesses are ready to sponsor a qualified retirement plan, they encounter a common obstacle: complex administrative requirements. As a business owner, you no doubt already...... Read More

Footnotes: The narrative behind the numbers

Thursday, September 04, 2025
Although footnote disclosures appear at the end of reviewed or audited financial statements, they’re far more than a regulatory formality. They provide critical insight into a company’s accounting policies, unusual...... Read More

Act soon: The OBBBA ends clean energy tax breaks

Tuesday, September 02, 2025
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally...... Read More

Significant business tax provisions in the One, Big, Beautiful Bill Act

Monday, September 01, 2025
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and...... Read More

Handle with care: Upgrading your company’s accounting software

Friday, August 29, 2025
What’s the most important type of software for your business? Your first thought may be whatever system you rely on most to produce or sell your company’s products or services....... Read More

Confirm this: Why your auditors contact third parties

Thursday, August 28, 2025
If your company’s financial statements are audited, chances are your auditor will send out external confirmations. These information requests may be sent directly to your customers, vendors, banks, attorneys and...... Read More

The next estimated tax payment deadline is coming up soon

Tuesday, August 26, 2025
If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill Act (OBBBA). The law, which was enacted on July 4, 2025, introduces...... Read More