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Business owners need to be aware that significant employee layoffs may lead to unintended partial plan terminations. In our region, oil and gas companies could…
The Financial Accounting Standards Board has made significant changes to the way assets and liabilities arising from leases must be reported.
Because the revenue recognition update is so broad in scope, it may mean significant changes for companies’ current revenue and financial reporting processes, especially in…
The statement of cash flows provides answers to the important question “Where did the money go?”
Current economic conditions for the energy sector may indicate that the carrying amount for a long-lived asset has become unrecoverable. In these circumstances, the asset…
The update is significant for the financial reporting and compliance requirements it presents to businesses across all sectors.
Cash flow allows businesses to cover expenses or expansions, but for the construction industry, maintaining a strong cash flow can be especially critical and challenging.
Employers who withhold employee salaries as contributions to benefits plans must act as timely and efficient stewards of these funds or risk fines from the…
The historic preservation tax credit program is designed to encourage developers to restore historic buildings of cultural and aesthetic significance for commercial and residential use.