Insights & Resources
Insights
Driven by personal passions, Abdo professionals dive deep into their individual areas of expertise and distill their knowledge to keep you fully informed.
Measuring credit losses on financial statements
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.
Manufacturers: Are you making the most of the general business credit?
If your manufacturing company is looking to reduce its tax bill, it’s important to familiarize yourself with the general business credit. Check out the key points and reach out to our team to discuss.
Selling your home for a big profit? Here are the tax rules
If you’re selling your home – or you already sold it – in 2023, some or all of the profit may be tax-free. It depends on the amount of profit and your income. Take a look at the basic rules.
Guaranteeing a loan to your corporation? There may be tax implications
If your corporation defaults on a loan that you guarantee, there may be tax consequences. You don’t want to be caught unaware.
Is your governmental entity’s investment policy still relevant?
Markets have changed rapidly over the last year. Interest rates and costs are continuing to rise. Is your governmental entity’s investment policy keeping up?
Reporting UTPs on your financial statements
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.
179D Tax Deduction: What contractors should know
Are you a contractor, architect, engineer, or designer who has worked on tax-exempt buildings? If so, you could qualify for the 179D Commercial Building Energy Tax Deduction.
Don’t let these 5 things stop your nonprofit organization from growing
Growing your nonprofit organization requires more than a well-crafted strategy. You also need efficient administrative processes. Discover five tips for enhancing your organization’s processes.
What your organization should know about GASB 96
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.
Pocket a tax break for making energy-efficient home improvements
Have you heard there’s an enhanced tax credit for making energy-efficient home improvements, beginning this year? Check out these rules.
Educational assistance programs can be used to help pay student loans
The IRS has issued a reminder that employers can use educational assistance programs to help employees pay off their student loans and will hold a webinar to discuss the details.
Can you deduct student loan interest on your tax return?
The student loan payment pause ended on August 31st. Be aware that interest is deductible for some borrowers subject to certain limits. Check out these rules around deduction.