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What a Formal Business Valuation Tells You Before a Sale
Most owners have a number in mind for what their business is worth. Often it comes from a conversation at an industry event, a multiple a friend got, ...
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In-House vs Outsourced Accounting: Which Fits?
Most closely held businesses build their accounting function by accident. A bookkeeper gets hired when the owner can no longer keep up, a controller ...
Buying a Business? Check These Numbers Before You Sign
Whether you’re launching a new venture or expanding an existing one, it’s often easier to buy an established business than to build market share from ...
Harness the Power of QuickBooks for Your Business
Accurate financial records help business owners manage cash flow, tax obligations and strategic planning. QuickBooksis one of the most widely used ...
What Your Nonprofit Should Know About Credit Loss Reporting Rules
The Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. However, the provision ...
Are NIL Collectives Breaking IRS Rules? What You Need to Know
In 2023, the IRS Chief Counsel released Memorandum AM 2023-004, which examined whether Name, Image, and Likeness (NIL) collectives, established to ...
Are You Liable for Two Extra Taxes This Year?
A high income could subject you to two extra taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% additional Medicare tax on wage and ...
NIL Rule Changes: Tax Impacts for Schools Explained
The college athletics landscape is undergoing a significant transformation, particularly with introducing Name, Image, and Likeness (NIL) ...
Nonprofits Don't Lose as Much to Fraud, but Risk Requires Action
According to the Association of Certified Fraud Examiners (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly ...