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Our Blog

COVID-19: A reminder of why cross-training your accounting staff is key

14 July 2020
COVID-19: A reminder of why cross-training your accounting staff is key

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


After you file your tax return: 3 issues to consider

07 July 2020
After you file your tax return: 3 issues to consider

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.


Good records are the key to tax deductions and trouble-free IRS audits

02 July 2020
Good records are the key to tax deductions and trouble-free IRS audits

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


Revenue recognition and leases: FASB gives certain entities more time

01 July 2020
Revenue recognition and leases: FASB gives certain entities more time

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.⠀ ⠀


If you’re selling your home, don’t forget about taxes

25 June 2020
If you’re selling your home, don’t forget about taxes

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