GASB Increases Debt Disclosure Requirements
In March of this year, the Governmental Accounting Standards Board (GASB) issued a new requirement that all governments are expected to follow. GASB Statement No.
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
Government Lessees Beware – How Leases are Accounted for is About to Change
If you are a state or local government agency, a lot is about to change. The Government Accounting Standards Board (GASB) issued new guidance (GASB
A Cash Flow Analysis Can Save Your Business
Financial experts claim that 82 – 90% of small business failures are caused by poor cash flow. Many profitable companies find that they are insolvent
Deducting or Amortizing Start-up Costs and Organizational Costs
The Benefits of Preparing a Comprehensive Annual Financial Report (CAFR)
The Government Finance Officers Association (GFOA) reports that 4,231 organizations received the Certificate of Achievement for Excellence in Financial Reporting in 2016. That is just
The Many Benefits of Outsourcing the CFO Function
As small to medium-size business owner, you wear many hats and may be responsible for everything from new product development, to operations, human resources, accounting,
The Importance of Choosing a Quality Auditor for Employee Benefit Plans
In recent years, employee benefit plans have been under a regulatory microscope. Investigations and audits have been increasingly successful at identifying and penalizing plan administrators
The Tax Consequences of Reimbursed and Unreimbursed Employee Expenses: What Employers and Employees Need to Know
Employees are typically reimbursed for business expenses that are ordinary and necessary. Generally, ordinary expenses are considered as common in a line of business where
Can You Benefit from a Casualty Loss Tax Deduction on Personal-Use Property?
The Gulf Coast has been hit with its fair share of natural disasters in recent years. Hurricanes, tornadoes, and floods have plagued our region, causing
How will the new lease accounting standard affect your business?
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial
