Accounting Insights
- February 19, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
If you missed the first installment of this two-part article, click here to find Part One. Throughout the pandemic, companies reacted with drastic cost-cutting…
- February 11, 2021
- Accounting | COVID-19 | Distribution | Manufacturing | Tax
When confronted by his head scout about challenging baseball norms, Billy Beane, former Oakland A’s general manager (and featured in both book and movie),…
- February 10, 2021
- Accounting | Not-for-Profit
In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed…
- February 4, 2021
- Accounting | Government Contractors
As a Federal Contractor, you are required to maintain an adequate accounting system to ensure compliance with applicable cost principles. Fortunately, the cost accounting data…
- January 26, 2021
- Accounting | COVID-19 | Title IV
In December 2020, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) legislation passed, which created the Higher Education Emergency Relief Fund II (HEERF II). While similar to the first round of…
- December 3, 2020
- Accounting | Not-for-Profit | Title IV
Are you a for-profit institution owner considering an entity change? Are you curious what the benefits of being a not-for-profit educational institution are? There…
- December 1, 2020
- Accounting | COVID-19 | Title IV
The Higher Education Emergency Relief Fund (HEERF) was implemented under the CARES Act by the federal government earlier this year. The fund allocations became…
- November 30, 2020
- Accounting | Audit and Tax | Tax
It’s been over two years since the U.S. Supreme Court shook up the state tax world in South Dakota v. Wayfair (Dkt 17-494, 6/21/2018)…
- November 23, 2020
- Accounting | COVID-19 | Tax
Due to the uncertainty of the pandemic, the Department of Education (DOE) has continually provided updates to its guidance for interruptions of study related…
- November 20, 2020
- Accounting | Tax
A Monetized Installment Sale can provide up to 93.55% of the selling price in cash at closing while deferring the taxes for 30 years…
- November 20, 2020
- Accounting | Construction
As media outlets consistently report, and as we have all experienced firsthand, the challenges of 2020 were not planned for, expected or even imagined. Many business owners still struggle to find footing…
- November 18, 2020
- Accounting | Audit and Tax
Dating all the way back to July 2016, the cash management updates that coincided with the release of the Audit Guide created changes as…
- November 16, 2020
- Accounting | Audit and Tax | Construction | COVID-19
Many borrowers of the Paycheck Protection Program (PPP) loan are currently submitting loan forgiveness applications. While construction and real estate (CRE) companies can greatly…
- November 13, 2020
- Accounting | Audit and Tax | Title IV
This has certainly been an interesting year on many levels. The COVID-19 pandemic shook the landscape and ended up delaying a lot of regulations…
- November 9, 2020
- Accounting | Not-for-Profit
In today’s virtual environment, it’s more important than ever to know the difference between crucial information and noise when it comes to decision-making. In…
- November 2, 2020
- Accounting | Not-for-Profit
We rely heavily on data when making strategic decisions. This is especially true as, through information sharing, data is almost always readily available. However, some data can be so voluminous that it may become difficult to separate the crucial information from the noise. In part…
- October 30, 2020
- Accounting | COVID-19 | Not-for-Profit
Not-for-profit leaders have learned to quickly adapt this year, not by choice but out of necessity. Unlike many other industries, not-for-profit organizations rely entirely…
- October 30, 2020
- Accounting | Human Resources
New for 2020 year-end reporting is the return of the 1099-NEC form. This form was last used in the early 1980s as essentially a…
- October 29, 2020
- Accounting | Audit and Tax | COVID-19 | Manufacturing | Tax
Many borrowers of the Paycheck Protection Program (PPP) loan are now in the process of submitting loan forgiveness applications, with the expectation that their…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
