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We can help you cross-train your accounting personnel to minimize business interruptions and deter fraud, along with implementing other internal control procedures.

The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations.

It’s interesting to note that there’s not one way to keep business records.

Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease guidance in fiscal year 2021. In the midst of the novel coronavirus (COVID-19) crisis, the Financial Accounting Standards Board (FASB) has decided to give certain entities an extra year to make the changes, if they need it.⠀ ⠀

For many people, their homes are their most valuable asset. So before selling yours, make sure you understand the tax implications.