Audit & Accounting
March 20, 2019

Automating your accounting department

Many businesses have adopted robotic process automation (RPA), or plan to do so in the future. While most RPA initiatives target “core” business operations, routine accounting functions also can be automated to help lower costs…
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Tax
March 19, 2019

Will leasing equipment or buying it be more tax efficient for your business?

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses that formerly leased assets…
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Audit & Accounting
March 15, 2019

Audits hone in on cybersecurity

In 2018, U.S. organizations that suffered a data breach lost an average of $7.91 million as a result. That’s the highest average organizational cost of all the countries and regions covered in the 2018 Cost…
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Audit & Accounting
March 14, 2019

How to report stock compensation paid to non-employees

The accounting rules for reporting stock compensation have been expanded. They now include share-based payments to non-employees for providing goods and services, under recent guidance issued by the Financial Accounting Standards Board (FASB). Old rules…
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Tax
March 11, 2019

Beware the Ides of March — if you own a pass-through entity

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March,…
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Tax
March 7, 2019

The home office deduction: Actual expenses vs. the simplified method

If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on…
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Audit & Accounting
February 25, 2019

Auditing Cashless Transactions

Like most businesses, you’ve probably experienced a significant increase in the number of customers who prefer to make cashless payments. And you may be wondering: How does the acceptance of these types of transactions affect…
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Tax
February 20, 2019

When are LLC members subject to self-employment tax?

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment (SE) tax. But the…
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2019 Winter Not-for-Profit Newsletter
February 19, 2019

To Manage It, Measure It

Analyzing Event ROI: Why and How Nonprofit revenue is a bit different from manufacturing revenue, but you can learn something important from manufacturing industries, which is the value of carefully evaluating performance. Today it’s a…
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2019 Winter Not-for-Profit Newsletter
February 19, 2019

Prevent Sexual Harassment at Your Nonprofit

Nonprofit organizations have a legal responsibility to prevent, examine, and act on sexual harassment in the workplace. Further, they must ensure that no one who complains of harassment is retaliated against. Failure to adequately perform…
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