Thought Leadership

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What is "Materiality"?

Materiality is a concept used to determine what's important enough to be included in, or omitted from a financial statement. In late October, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) voted to finalize a revised definition of materiality in…

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Made in America Clothing Tag

"Made in the USA" Can Boost Your Business

It’s not just a point of pride, it’s a hot marketing trend! “Made in the USA,” can help you differentiate your manufacturing products from the sea of foreign goods in the marketplace. It’s an even bigger win for manufacturers if they can obtain American goods faster and at lower costs than…

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Updates to IRS Rules for Using Per Diem Rates

The IRS has updated its previous guidelines for how businesses, self-employed individuals and qualified employees can substantiate their business travel expenses for tax purposes using the per diem rules. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by…

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Tax Forms

2020 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to…

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Lease Terms are Being Revised to Avoid New Lease Accounting Rules

A desire to avoid lease accounting rules for new contracts has debt-strapped private companies exploring new avenues. But why? Some fear that by implementing the guidance, they would violate loan covenant agreements with lenders that limit the liability amounts they’re allowed to carry. However,…

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Uncovering Elder Investor Exploitation

The Securities and Exchange Commission (SEC) has the mission “to educate and empower investors so they can plan for a financially secure future.” The SEC held a roundtable in October to help raise awareness about the exploitation of a specific investor group — the elderly. Unlike younger people,…

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