Advisory & Consulting
There has been a large increase in the number of new businesses being launched, despite the COVID-19 pandemic. The U.S. Census Bureau reports that business applications are up 18.6% from June 2020 through June 2021. The Bureau measures this by the number of businesses applying for an Employer Identification Number. Entrepreneurs often don’t know that…
Read More
Did you know September is National Preparedness Month? The IRS is reminding taxpayers to create or update their emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. From individuals to organizations and businesses, having a preparedness plan in place can help in the…
Read MoreUpdated accounting rules for long-term leases took effect in 2019 for public companies. And, after several deferrals by the Financial Accounting Standards Board (FASB), starting in fiscal year 2022, private companies and private not-for-profit entities must follow suit. The updated lease standard guidance requires these organizations, for the first time, to report the full magnitude…
Read MoreDo you operate your small business as a sole proprietorship and want to form a limited liability company (LLC) to protect your assets? Are you are launching a new business and want to know your options for setting it up? Here are the basics of operating as an LLC and why it may be appropriate…
Read More
The COVID-19 pandemic has dramatically changed business operations for the foreseeable future. Businesses are being forced to evaluate their current operations and adjust to a new normal. We have helped many businesses to adapt to this new environment. How will your business look going forward? Here are key areas you should re-evaluate in order to…
Read More
Among the many consequences of Coronavirus (COVID-19), organizations are facing financial reporting implications and challenges. Impacts such as business and production disruptions, supply-chain interruptions, negative impacts on customers, volatility in the equity and debt markets, reduced revenue and cash flows, and other economic consequences may occur. This Special Report provides reminders about some financial reporting…
Read More