Last summer, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, which significantly alters the financial statements of nonprofits….
Recent Insights
Here’s How Your Company Can Fight Alternative Payment Fraud
Alternative payment methods – like Square, PayPal, Stripe and Payoneer – represent a convenient and flexible way for businesses to accept payments from customers. On the flip side, however, allowing…
Tax Tip: Gather W-9 and W-4 Info in Real-Time to Streamline Year-End Reporting
With so many deadlines demanding attention, business owners will often meet one and then put it in the rearview mirror as they move onto the next. While it is certainly…
Is Your Company Prepared for a Sales Tax Audit?
As state governments cast a wider net to identify much-needed tax revenue, sales and use tax reporting has received greater attention. Last summer, the Pennsylvania Department of Revenue launched a…
The Cost of Risky Employees is High. Here’s How to Reduce It.
Business is booming and you need to hire more staff, but bringing new employees on board is not without risk. Employers should ask themselves how well they know the person…