How construction business owners can prepare for an IRS audit
No one likes the prospect of an IRS audit, and this certainly includes construction business owners. But there are ways to always be ready and to ease the pressure if it does happen.
No one likes the prospect of an IRS audit, and this certainly includes construction business owners. But there are ways to always be ready and to ease the pressure if it does happen.
Government grants usually come with certain obligations. Here’s what you need to know to help ensure your nonprofit complies with Uniform Guidance rules for recipients of federal funds.
Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.
Have you noticed dramatic spending variances from your nonprofit’s budget? What about declining donations? Don’t ignore these warning signs. Find out what’s causing them and tackle the underlying issues.
Business owners: Strategic planning is undeniably important, but you may be missing a savvy move if you aren’t using competitive intelligence to refine your game plan.
Accounting compliance doesn’t necessarily equate with economic reality. Former Enron CFO Andrew Fastow, one of the “poster boys” for corporate fraud, warns that misstatement often happens because of ambiguity and complexity in the accounting rules.
Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it..
Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.
Construction business owners: Is your benefits package competitive in today’s tight job market? Here’s a review of some of the most valued options to consider.