Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs).
Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies.
When the COVID-19 crisis exploded in March, among the many concerns was the state of the nation’s supply chains. Business owners are no strangers to such worry.
The Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program.
A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March, described efforts to cope with the crisis as “the hammer and the dance
During the COVID-19 pandemic, many small businesses are strapped for cash.
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes.
Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors.
Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their stren
Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might.
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation.
Did you recently file your federal tax return and were surprised to find you owed money?
In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements.
The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on technology.
The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs.
Your not-for-profit has a board of directors — so why would it need an additional advisory board? There are a few reasons.
The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic.
If you own or manage a business with employees, you may be at risk for a severe tax penalty.
Recently, the Supreme Court agreed to hear yet another lawsuit in a long line of lawsuits regarding the constitutionality of the Affordable Care Act.
Mont Clare, PA – July 6, 2020 - Maillie LLP (pronounced “male-lee”), a certified public accounting firm currently headquartered in Mont Clare, PA recently announced a
The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity.
Factors such as wealth level, education and even whether people volunteer, probably will tell you more about potential donors than their generation.