Timely Deposits of Participant 401(k) Plan Contributions More Important Than Ever
When employees contribute a percentage of their wages to their employer’s sponsored retirement plan, they often assume the money is transferred into their account on
Contractors: Are You Ready to Implement the New Lease Standard?
In early 2016, the Financial Accounting Standards Board (FASB), the body that sets accounting principles for U.S. entities, released a new accounting standard on how
Some Tax-Advantaged Personal Property Exchanges No Longer Available After Tax Reform
Although the Tax Cuts and Jobs Act (TCJA) was written into law more than a year ago, it continues to play a strong role in
Best Practices for Month-End Close
While the beginning of the month can signify a fresh start for some, small businesses and their accounting departments sometimes associate the first few days
What Are Your Financial Statements Telling You?
As a small business owner, you’ve almost certainly heard the phrase, “your financial statements say a lot about your organization.” But the truth is,
Is the Worker You Just Hired an Independent Contractor or an Employee?
It sounds like this would be a simple question to answer – but is it? Determining your new worker’s employment status may be trickier than
Three Reasons Why You Should Upgrade Your Expense Management Software
In today’s fast-paced environment, we thrive on efficiency — of resources, time, and energy. One of the easiest ways for a growing business to streamline
Meals and Entertainment Expenses After Tax Reform
The 2017 Tax Cuts and Jobs Act (TCJA) made several changes to the tax deductibility of meal and entertainment (M&E) expenses. In an effort to
Sales Tax Changes to Affect Louisiana Retailers and Purchasers Alike
As part of a larger budget deal, new Louisiana sales tax laws were approved by lawmakers late last week. The Louisiana state-wide sales tax rate
Provisions for Estimated Contract Losses
Revenue Recognition Options Companies with long-term fixed-priced contracts typically recognize revenue using one of two methods: The percentage-of-completion method, whereby income is recognized over the
New Tax Law Allows More Freedom for Contractors
The recently-passed Tax Cuts and Jobs Act (TCJA) represents more changes to the U.S. tax law in more than 30 years, and very few industries
Rebuilding Houston – With What Labor?
“ReBuild Houston” may have a problem. With one of the largest storm-related rebuilding efforts in American history underway in Houston, finding qualified workers may be