Small Business Accounting

Transitioning your organization to the new lease accounting method

January 14, 2022

When the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02 (ASC 842) several years ago, the deadlines for private and public businesses seemed to be far into the future. FASB delayed the reporting requirements for…

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2022 mileage rates for business reimbursements

December 30, 2021

The IRS recently released the 2022 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase every…

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Chart a course for your business’ future with forecasting

November 15, 2021

Managing cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…

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Outsource sales and use tax compliance to mitigate risk

November 15, 2021

Tax compliance is an essential aspect of any business, with sales and use tax making up a large portion of overall tax requirements. However, sales…

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Congress Has Approved the Infrastructure Bill: What’s In It For You?

November 15, 2021

The $1 trillion Infrastructure Investment and Jobs Act (IIJA) received the U.S. House of Representatives’ approval Friday, November 5, 2021, to provide funding for improvements…

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forecasting-for-small-businesses

Chart a course for your business’ future with forecasting

October 15, 2021

Managing cash flow is essential to business management. Revenue can fluctuate, and expenses need to be paid on time to maintain a positive working relationship with vendors, utility…

Read More
man using calculator

Implementing the new lease accounting standards for private construction firms

August 13, 2021

During the uncertainty of the pandemic in 2020, the Financial Accounting Standards Board (FASB) granted a temporary reprieve for private companies, delaying their deadline for…

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person using laptop

Payroll fraud challenges in a remote work environment

July 29, 2021

Remote work has been a hot topic for the past several years. Since workplaces were strongly encouraged to allow non-essential employees to work from home…

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person writing on a blueprint

Implementing the new lease accounting standards for private construction firms

June 25, 2021

During the uncertainty of the pandemic in 2020, the Financial Accounting Standards Board (FASB) granted a temporary reprieve for private companies, delaying their deadline for…

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woman using desktop computer

Minimize the cash flow stress for your construction business

June 23, 2021

Have you ever started a project, only to realize that you’re short cash to pay for the supplies until your last project pays out? Or,…

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