Updated accounting rules change how acquirers are identified in M&As involving VIEs. They replace old rules with a more consistent, substance-based approach. Here’s what it means for your next deal.
Many small to midsize businesses struggle to control their cash outflows. A carefully considered and disciplined approach to cost management can help.
Business owners: Are you taking a top-down approach to cybersecurity? If not, you should be. It’s critical to address the threat at every level of your company.
At a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky.
Your nonprofit likely already uses accounting software and other tools to automate routine tasks. Could you automate more? Probably. We suggest additional functions that can benefit from AI and other automation.
Business owners: Are you looking to sponsor a health care plan but want to control costs? One potential solution may be an excepted benefit Health Reimbursement Arrangement.
Your nonprofit must carefully review findings after an annual audit and correct any deficiencies identified in the audit report. But you should also consider acting on recommendations that can reduce risk.
Do you have questions about reporting property, plant and equipment assets on your financial statements? From capitalizing costs to calculating depreciation, we have the answers.
Among other things, a governance policy can provide board members with a framework for making decisions consistent with your nonprofit’s mission. Here’s what to put in your policy.
Business owners: The term “concentration” has multiple applications, and any one of them could spell trouble for your company. Here’s what you need to know.
Nonprofit board member? You must constantly look for signs that your organization might be vulnerable during an economic downturn. We list several red flags.
Construction business owners: Are you considering buying a drone? If so, approach the purchase with a careful eye on what you’ll use it for and the total cost of ownership.