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In April, the US Treasury will open the portal for reporting on American Rescue Plan Act (ARPA) expenditures – ensure your team is getting ahead of the reporting process.
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Despite being non-financial, non-cash donations (a.k.a. in-kind contributions) can help to bolster your organization’s bottom line. Check out these three ways to make the most of them.
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Starting a business comes with a lengthy to-do list. One thing to consider adding to yours: securing a financial statement audit.
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From quality control to quality management: New AICPA quality standards are here—is your firm ready?
If your accounting firm issues reports on financial statements, you likely know the AICPA issued new standards on quality management last year. Although the standards aren’t effective until late 2025, it’s imperative to start implementing them now.
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Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.
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Your government audit takes place once a year so it can be tempting to only think about it, well, once a year. But preparing last-minute can increase your audit-related stress and keep your organization from being truly prepared.
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Under the “current expected credit loss” (CECL) model, entities will will need to consider all forward-looking information when determining allowances for credit losses. Here’s what you need to know about the model.
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Webinar hosted Wednesday, November 8, 2023 | 11:00 AM – 12:00 PM CDT
Join us for our upcoming webinar which will provide an overview of the new GASB standards and help you understand how they will impact your organization.
Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Check out this overview of the rules for uncertain tax positions (UTPs) under GAAP.
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If your organization is like most, it maintains several—if not dozens—of software subscriptions. Now, thanks to GASB Statement No. 96, your organization will need to account for and disclose these subscriptions.
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