Insights
Insights & Resources
Driven by personal passions, Abdo professionals dive deep into their individual areas of expertise and distill their knowledge to keep you fully informed.
Are you married and not earning compensation? You may be able to put money in an IRA
If you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.
FASB votes to exempt private companies from disaggregation of income statement project
Private companies will be exempt from a coming FASB proposal on disaggregating income statement expenses, but including comprehensive expense disclosures may be a good idea regardless of whether your business is private or public.
Strategic tax planning Q&As for construction businesses
Maximize your tax savings by engaging in year-round strategic tax planning for your construction business. Here are six important questions to consider.
Addressing pay equity at your business
Businesses today are under increased pressure to address pay equity to ensure compensation is determined free of unjust biases. Fortunately, there are real, actionable ways you can address it at your company.
Avoid succession obstacles with a buy-sell agreement
If your business has multiple owners, we strongly advise building a buy-sell agreement into your succession plan. Learn more about how these agreements work and why they’re important.
New disclosure requirements? Shedding light on a little-known law
Most business owners are unaware that they are now required to report their beneficial ownership under the Corporate Transparency Act (CTA). It’s important to know in advance what is required to avoid late filing penalties.
Why Your HR Department Is Critical to the Success of Your Merger or Acquisition
If your business is facing a merger or acquisition, there are a lot of factors to consider when it comes to the negotiations and financial implications – but don’t underestimate the importance of your HR department in the M&A process.
Understanding the basics of discontinued operations reporting
In today’s uncertain markets, your business may decide to discontinue unprofitable product lines or business units. Are you up to speed on the accounting rules for reporting discontinued operations?
To file or not to file a gift tax return, that is the question
If you’re giving gifts this year you may be wondering if you need to file a gift tax return. In fact, there are situations when it’s necessary (or desirable) to file even if you’re not liable for any gift tax.
Leveraging clean energy tax credits through home improvements
Homeowners who make energy-efficient improvements to their residence may qualify for two types of tax credits – significantly reducing the costs of energy-efficient home improvements and helping taxpayers go green.
Questions to ask yourself in business transitions – and baseball
Regardless of which season you’re in as a business owner, you need to be prepared with a winning strategy well in advance of a business transition.
Reporting non-GAAP measures
GAAP measures can sometimes be too rigid and may not fully reflect the underlying economics of a business. . If you’re supplementing with non-GAAP measures in your reporting, it’s important to be transparent about the adjustments being made.