Blog Articles and Events

Category: Recent News & Updates

Year-End Considerations to Prepare for Small Business Tax Filing

By Jessica Moslander on October 27, 2022
Year-End Considerations to Help Small Business As we head into the final few months of the year, now is the time to make sure your bookkeeping is up-to-date. Bookkeeping has many major benefits that include making life easier for tax time, keep track of cash flow and catching errors or fraud. We suggest considering future […]
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Year-End Considerations to Prepare for Your Individual Tax Filing

By Jessica Moslander on October 26, 2022
As the year draws to a close, we know there is a lot to do and think about! Many things demand our attention, including the holidays. We know the last thing on your mind is preparing for taxes because those are not due until April, right? However, it’s time to think about what you can […]
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Mastercard Implements New Guidelines for Automatic Transactions Potentially Impacting Non-Profit Donations

By William Godfrey on October 6, 2022
Mastercard Recurring Giving Potentially Impacts Non-Profit Fundraising Mastercard is implementing new guidelines for automatic transaction that will affect non-profit’s individual donation fundraising. It was originally effective September 22, but was recently extended 6 months until March 21 2023. Per the new guidelines, nonprofits will likely have to comply with the following requirements: Upon enrollment, send […]
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Manufacturers & Distributors Lease Accounting Standards Considerations

By William Godfrey on September 28, 2022
New Lease Accounting Standards Create Challenges Privately-owned companies reporting under Generally Accepted Accounting Principles (“US GAAP” commonly requested by banks) are required to adopt the new lease standard effectively January 1, 2022.  This can create some significant challenges as owners, bankers, controllers, and other financial statement users are now expecting to see Right of Use […]
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Inflation Reductions Act - A Few Key Provision Considerations

By Jessica Moslander on September 14, 2022
Inflation Reduction Act (IRA) creates 2 new taxes and extends an existing loss limitation provision On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into new law. The law is what is left of President Biden’s Build Back Better Plan.  In addition to creating 2 new taxes and extending an existing loss […]
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Energy-Efficient Home Improvement Credit

By Jessica Moslander on August 30, 2022
Inflation Reduction Act (IRA)  and Combating Climate Change On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The new bill marks the largest investment in combating climate change in U.S. history. While the legislation primarily helps businesses adopt eco-friendly and clean energy measures, for individual consumers, the IRA has extended […]
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