Recent articles
Top Considerations for the Nonprofit Sector, Part One
Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain relationships with donors, volunteers and the communities they serve while...
GASB Amends Implementation Guidance for Capital Assets
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2021-1, Implementation Guidance Update—2021. The implementation guide contains new questions and answers...
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Relief for Private Company Franchisors applying ASC 606
How private company franchisors apply ASC 606.
How Manufacturers Can Save on Sales/Use Tax for Government Contracts
Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes...
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5 Steps to Prevent Material Weaknesses Before an Independent Audit
How to protect against material weakness as you prepare for an audit.
Depreciation Expense: Straight-Line Method Explained with a Finance Lease Example and Journal Entries
This article explains how to calculate depreciation expense.