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Accounting & Audit Alert- Forecasting for 2021

Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash

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Posted In: Alerts & Advisories

Accounting & Audit Alert- New law provides option to delay implementing the updated CECL standard

The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such measure allows certain banks and credit unions to temporarily postpone implementation of the controversial

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Posted In: Alerts & Advisories

Senior Manager Promotions Spotlight

At our annual State of the Firm meeting in November, we announced the promotions of nonprofit manager, Willy Chan, tax manager Jonathan Liff, accounting & audit manager, Wendy McSheffrey, and accounting & audit manager, Omar

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Posted In: News

Emerging Tax Alert- How can your business benefit from the Consolidated Appropriations Act?

The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous

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Posted In: Alerts & Advisories

Emerging Tax Alert- The Consolidated Appropriations Act brings COVID-19 relief (and more) to individuals

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Red flags of debtors

Unfortunately, many businesses have experienced problems with collections during the COVID-19 pandemic. Accounts receivable are a major item on most companies’ balance sheets. Slow-paying — or even nonpaying — customers or clients adversely affect cash

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Posted In: Alerts & Advisories

Emerging Tax Alert – Congress passes COVID-19 aid package

After months of negotiations in Washington, an agreement has been struck on a new aid package to address the ongoing fallout from the COVID-19 pandemic. The legislation has been passed by both the U.S. House

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Posted In: Alerts & Advisories, News, Resources

COVID-19 Relief Bill

On Monday, December 21, 2020, the U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill which addresses: Stimulus payments, Unemployment benefits, Aid to small businesses, and A variety of Paycheck Protection

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Posted In: Alerts & Advisories, News

Accounting & Audit Alert- ICFR assessment and attestation: Are you in compliance with the rules?

Each year, public companies must assess the effectiveness of their internal controls over financial reporting (ICFR) under Section 404(a) of the Sarbanes-Oxley Act (SOX). In some cases, private companies should follow suit. In addition, a

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Posted In: Alerts & Advisories

Tax Guide- The ins and outs of the easing of loss limitation rules

To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act eases the rules for claiming certain tax losses. Here’s

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Posted In: Alerts & Advisories