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Our Blog

Here’s how to handle gifts in kind and donated services

18 May 2020
Here’s how to handle gifts in kind and donated services

Many not-for-profit donors find themselves unable to provide monetary support to favorite charities, instead, your organization may receive offers of gifts in kind or donated services.


Adjusting your financial statements for COVID-19 tax relief measures

15 May 2020
Adjusting your financial statements for COVID-19 tax relief measures

If your business follows U.S. GAAP, you’ll need to account for the effect of the CARES Act on deferred tax assets and liabilities for interim and annual reporting periods.


IRA account value down? It might be a good time for a Roth conversion

15 May 2020
IRA account value down? It might be a good time for a Roth conversion

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn, but if you have a traditional IRA, this downturn may provide a valuable opportunity.


Going, going, gone: Going concern assessments in the midst of COVID-19

12 May 2020
Going, going, gone: Going concern assessments in the midst of COVID-19

Companies of all sizes in all industries are faced with closures of specific locations or complete shutdowns; employee layoffs, furloughs or restrictions on work; liquidity issues; and disruptions to their supply chains and customers.


New COVID-19 law makes favorable changes to “qualified improvement property”

12 May 2020
New COVID-19 law makes favorable changes to “qualified improvement property”

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings.