Services: Audit & Assurance
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Are Income Taxes Taking a Bite Out of Your Trusts?
If your estate plan includes one or more trusts, review them in light of income taxes. For trusts, the income threshold is very low…
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Cutoffs for Reporting Revenues and Expenses
Under U.S. Generally Accepted Accounting Principles (GAAP), there are strict rules on when to recognize revenues and expenses. Here’s important information about end of…
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A refresher on the ACA’s tax penalty on individuals without health insurance
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time…
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How external auditors can leverage your How external auditors can leverage your internal audit work
Does your company have an internal audit function? If so, you may be able to use your internal audit team to streamline financial reporting…
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Put your income statement to good use
By midyear, most businesses that follow U.S. Generally Accepted Accounting Principles (GAAP) have issued their year-end financial statements. But how many have actually used…
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Timeliness counts in financial reporting Timeliness counts in financial reporting
Do you procrastinate when it comes to closing your books and delivering year-end financial statements? Lenders and investors may think the worst if a…
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Pro forma compilations look at how an alternative course of action would have affected financials
The American Institute of Certified Public Accountants (AICPA) has clarified its guidance on pro forma compilations. Here’s an explanation of when the new Statement…
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Use Pro Formas to Plot Your Route to Success
Running a business is like going on a road trip – and a detailed business plan that includes a set of pro forma financials…
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Measuring “”Fair Value”” for Financial Measuring “”Fair Value”” for Financial Reporting Purposes
The balance sheet usually reflects the historic cost of assets and liabilities. But certain items must be reported at “fair value” under U.S. Generally…
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Benchmarking Receivables
Accounts receivable represents a major asset for many companies. But how do your company’s receivables compare to others? Here’s the skinny on receivables ratios,…