Knowledge and Insights: Newsletters
Why Your Organization May Benefit From a Process Efficiency Study
The world has changed since the COVID-19 pandemic hit over a year ago, causing organizations to adapt to these changes and adjust to operating in a remote environment. New policies…
How to Position Your Business for a Successful Transition
All business owners should consider their succession plan; not just those nearing retirement. The earlier you start planning, the better. Many business owners wait until it’s too late, and leave…
The Challenges of Distributing American Rescue Plan Funds
The recent passage of the American Rescue Plan earmarked billions of dollars for local governments to support citizens struggling through the economic impact of COVID-19. Throughout the pandemic, local governments…
Summary & Highlights of the American Rescue Plan Act
On March 11, 2021 President Biden signed the American Rescue Plan Act of 2021, (ARPA or the Act) which will provide $1.9 trillion in relief funds across a wide spectrum…
Employee Retention Tax Credit (ERTC) Consolidated Appropriations Act Update
We have received many questions about the updated employee retention credit. This article will take you through the highlights and hopefully answer some of the questions we’ve gotten on this…
Tax Outlook for 2021
Successful tax planning does not just require arranging one’s affairs to take advantage of current tax laws. It also requires anticipating changes that may occur so that you do not…
Internal Control Considerations During a Pandemic
Much has changed for businesses since the COVID-19 pandemic began almost a year ago in March 2020. One of the biggest changes has been the introduction of remote working in…
Nonprofit Accounting Standards Update No. 2020-07
Does your organization receive donated goods or services? If so, accounting for these donated goods or services will be subject to new accounting guidance. In September 2020, the Financial Accounting…
2021 IRS TE/GE Division Update
The impacts of the COVID-19 pandemic in 2020 have forced us and our tax-exempt (and for-profit) clients to grapple with rapidly changing work environments, economic climates, and regulatory and compliance…
Wrongful Termination in the Midst of Economic Uncertainty
Wrongful termination litigation tends to increase during economic uncertainty, following company-wide layoffs and reductions in work force. The COVID-19 pandemic is no exception. Forensic accountants are often retained to provide…