Social Networks
January 2021
Footnote disclosures: The story behind the numbers
The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making wel
View your financial statements through the right lens
Many business owners generate financial statements, at least in part, because lenders and other stakeholders demand it.
Will permanent work-from-home work for your nonprofit?
It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely.
Employer Retention Credit Expanded and Improved
January 25, 2021
The new Form 1099-NEC and the revised 1099-MISC are due to recipients soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1,
Don’t forget to take required minimum distributions this year
If you have a traditional IRA or tax-deferred retirement plan account, you probably know that you must take required minimum distributions (RMDs) when you reach a cert
Accounting for property, plant and equipment assets
Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets.
Don’t make decisions without data analytics
Most not-for-profit organizations collect vast volumes of data.
Getting more for your marketing dollars in 2021
A new year has arrived and, with it, a fresh 12 months of opportunities to communicate with customers and prospects.
PPP loans have reopened: Let’s review the tax consequences
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11.
One reason to file your 2020 tax return early
The IRS announced it is opening the 2020 individual income tax return filing season on February 12.
Assessing and mitigating key person risks
Auditing standards require a year-end risk assessment.
Nonprofits: Get the word out in 2021
Many not-for-profits have been too busy trying to stay afloat to put a lot of resources and energy into public relations.
Blockchain beckons businesses … still
The term and concept known as “blockchain” is hardly new. This technology surfaced more than a decade ago.
Can your business benefit from the enhanced Employee Retention Tax Credit?
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs.
Educate yourself about the revised tax benefits for higher education
Attending college is one of the biggest investments that parents and students ever make.
New law provides option to delay implementing the updated CECL standard
The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures.
How well do your nonprofit’s development and accounting departments communicate?
Your accounting and development departments are central to the continued financial health of your not-for-profit.
Need another PPP loan for your small business? Here are the new rules
Congress recently passed, and President Trump signed, a new law providing additional relief for businesses and individuals during the COVID-19 pandemic.
New law doubles business meal deductions and makes favorable PPP loan changes
The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic.
The COVID-19 relief law: What’s in it for you?
The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect you.
