If you work in real estate, you already know that lease accounting has become far more complex in recent years. The introduction of ASC 842 and IFRS 16 changed how
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In today’s complex and highly scrutinized environment, your nonprofit operates under more watchful eyes than ever before. Donors, regulators, and the communities you serve all expect transparency and accountability in
In-kind donations—non-cash contributions of goods or services—can play a crucial role in supporting a business’s or nonprofit’s mission. These contributions, ranging from donated materials to professional services, hold tangible financial
In today’s interconnected global economy, businesses of all sizes are expanding their operations across international borders. While this expansion brings opportunities for growth and profitability, it also introduces complex financial
Navigating the financial landscape of a small business requires both astute management skills and a keen understanding of operational needs. Amid economic fluctuations and evolving market demands, proprietors must wield
As a business owner, encountering financial losses can be disheartening. However, there is a silver lining – you can use business losses to your advantage when filing your taxes. Deducting
As we approach the end of a particularly stressful and tumultuous year, it’s time to take a moment to assess the financial state of your business and complete your accounting
Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with the U.S. Generally Accepted
Everyone has heard the saying… Cash is King. The point of this saying from an accounting perspective is that it is not enough for a business to be profitable in
If you want your business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust.