The House approved the “One Big Beautiful Bill Act” (OBBBA) in a 218-214 vote, after the Senate approved it July 1st by a 51-50 vote, with Vice President JD Vance…..
Topic: Accounting
Choosing the Right CPA for Your Commercial Construction Business
Are you a commercial construction business owner or supplier striving to optimize financial performance? If you’re struggling to manage project costs, maintain cash flow, and stay on top of complex…..
Navigating Financial Success: Choosing Your Manufacturing CPA
As a manufacturing business owner, you know the intricate financial landscape you navigate daily. From inventory management to pricing strategies and taxes, every decision impacts your bottom line. Running a…..
Accounting for Wholesale Distribution: How to Choose a CPA
Are you running a wholesale/distribution business and struggling to manage your finances effectively? Do you find it challenging to keep track of your cash flow, inventory, and transportation costs? The…..
Hot Topic: ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Current Expected Credit Losses (CECL) on Financial Instruments
The ASU 2016-13 CECL Standard (ASC 326), also known as Accounting Standard Update 2016-13, has emerged as a significant accounting change amidst the recent importance of standards like ASC 606…..
Client Advisor – Winter 2021
Shareholders of S-Corporations, as We Move Into December, There Are Two Things You Need to Do. Shareholders who own more than 2% of the shares in the S-corporation are required to report health insurance premiums paid on their behalf by the business on their W-2. This is a valuable deduction and must be reported correctly to take…
Is your CPA asking you the right questions?
You might be thinking there’s a mistake in that title. After all, aren’t YOU supposed to be the one asking questions of your CPA and not the other way around? In truth, if you listen carefully to what your CPA is asking you when you meet, you’ll learn who they are and what their priorities are for you and your business. For example, your CPA…
6 Big Reasons Your Small Business Should Hire Full-Service CPA Firm
You might think you don’t need a full-service CPA firm, that your bookkeeper is enough, and you only need an accountant at tax time. I’m sure you’re familiar with the phrase, “penny wise, pound foolish,” so you should know that a full-service accounting firm can help you with all aspects of your company and help…