Outlook

Retailers & other businesses that use LIFO could be hit with an unexpected tax bill if their inventory shrinks significantly due to issues.

The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting can help gauge your progress

Every business needs to regularly engage in productive strategic planning. But it’s easier said than done. Let’s take a step back & simplify

Exploring financial statement footnotes can be a rewarding endeavor.

Here’s a refresher on the accounting rules for disclosing and estimating expected losses.

As you factor the effects of inflation into your financials, it’s important to look beyond the income statement.

Use your accountant for more than reporting historical results. Here’s how an accounting professional can help you prepare for the future.

Are you making the most of your internal audit team? Don’t let the skills of internal auditors go underutilized at your organization.

Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment?

By the time you issue year-end financial statements, you may be dealing with a major development that’s affecting your company’s performance

Remember Enron? Doing business with so-called “related parties” may result in nepotism, sweetheart deals and skewed financial results.

Dell, Dunkin’ and many others have delisted from the public markets in recent years. Is it time for your company to say bye to Wall Street?

What are the top concerns your organization is currently facing? This is just one of the questions audit committee members were asked.

Has your organization received any COVID-19 relief funds, tax incentives or other type of government assistance in recent years?

Could your business acquire a struggling competitor this year? Be sure to fully explore the benefits and risks of any prospective deal.

Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them

Business owners: Your financial statements could very well hold the data points you need to make the right moves this year.

Start the year off right with reliable financial forecasts. Here are five questions to guide you through the process.

Small business owners: Can you name the key differences between prepared and compiled financial statements?

A commission program can boost employee compensation & morale. But it also can tempt salespeople to commit fraud. Here's how to contain it.