Accounting, Audit and Assurance

The COVID-19 pandemic is still adversely affecting many businesses and not-for-profit organizations, but the effects vary, depending on the nature of operations and geographic location. Has your organization factored the effects of the pandemic into ...

In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission (SEC), requiring special purpose acquisition companies (SPACs) to report warrants as liabilities. ...

For a construction company to be successful, it takes a dedicated financial leader to ensure the organization’s accounting house is in order. In doing so, contractors must come to terms with the fact they’ll need to hire a controller or a chief f...

It’s no surprise that accounting for forgivable loan proceeds under the Small Business Administration (SBA)’s Paycheck Protection Program (PPP) has caused much confusion for many borrowers. Ever-changing regulations and guidance on the program’...

Every business should prepare an annual budget, but it’s especially important in the capital-intensive manufacturing sector. Comprehensive, realistic budgets allow you to identify potential cash flow issues, production capacity constraints and othe...

Internal Revenue Service (IRS) audit rates are historically low according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In fi...

Many recipients of the federal Paycheck Protection Program (PPP) have begun submitting their application for loan forgiveness. Anticipating that the process will take months for forgiveness to be realized, most businesses are wondering how to account...

As the COVID-19 pandemic continues to keep a majority of organizations operating in a remote environment, business owners are leaning on their accounting team now more than ever to closely monitor financials and maintain procedures, from cash flow ma...