impairment testing: When to consider triggering events On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard. On events that trigger impairment testing under U.S. Generally…
New law tax break may make child care less expensive A new tax break included in the American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and…
Four ways to improve the effectiveness of your audit committee Audit committee(s) face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to…
COBRA provisions play critical role in COVID-19 relief law During the COVID-19 pandemic, many employees and their families have lost group health plan coverage. If your business has had to…
Cybersecurity and how auditors assess cyber risks Cybersecurity aka data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will…
New COVID-19 Relief Law Update Many businesses have retained employees during the COVID-19 pandemic. And enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing…
Estimated tax payments: The deadline for the first 2021 installment is coming up April 15 is not only the deadline for filing your 2020 tax return. It’s also the deadline…
Educate yourself about the Consolidated Appropriations Act The Consolidated Appropriations Act, which was enacted recently, made some changes to the tax breaks. Here’s a rundown of what has changed. Attending…
Retiring soon? Recent law changes may have an impact on your retirement savings Thinking about retiring? If you’re approaching retirement, you probably want to ensure the money you’ve saved in…
PPP: Paycheck Protection Program and Your Small Business When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year. The program’s stated objective was “to provide a…