The Financial Accounting Standards Board (FASB) has made a significant change to accounting standards related to accounting for financial instruments. Accounting Standards Update 2016-01 (ASU…
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…
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,…
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…
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…
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…
Our hearts go out to all of you affected by Hurricane Harvey and its aftermath. As a Gulf Coast company with offices in Houston and…
Just like many other businesses, oil and gas companies frequently overlook taking the Research & Development (R&D) tax credit. Across all industries, less than 33%…
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…
Accounting for remodel and refresh expenditures can now be easier for certain retailers and restaurants, thanks to IRS Revenue Procedure 2015-56. Effective since January 1,…