Insights

Professional services businesses operate in a unique financial environment that combines the complexities of client-based revenue, partnership structures, and professional regulations. Whether you're managing a law firm, consulting practice, or healthcare facility, the financial challenges you face differ significantly from traditional businesses – and require specialized expertise to navigate successfully.

As nonprofits navigate a complex landscape shaped by economic volatility, delayed government reimbursements, philanthropic shifts, and increasing service demands, maintaining operational continuity requires more than reactive budgeting. It requires a forward-looking financial strategy— one grounded in resilience, liquidity, and the flexibility to respond to risk. At the heart of this strategy is the net operating reserve (NOR).

Managing finances for a nonprofit organization means navigating one of the most complex compliance landscapes in the business world. While for-profit companies focus primarily on tax compliance and financial reporting, nonprofit finance managers must juggle federal and state tax-exempt requirements, grant compliance obligations, board governance standards, and specialized accounting rules – all while supporting the organization's mission with limited resources.

Construction accounting isn't like other industries. While a retail business tracks inventory and a service company manages billable hours, construction companies juggle job costing across multiple projects, navigate complex progress billing cycles, manage retention holdbacks, and coordinate cash flow timing that can make or break profitability. These unique challenges require more than general accounting knowledge – they demand specialized expertise that only comes from year

Many restaurant operators focus intensely on daily operations – ensuring food quality, managing staff, and creating great customer experiences. These elements are essential, but without understanding the financial metrics that drive profitability, even the most popular restaurants can struggle financially.

Today's client accounting and advisory services have evolved far beyond traditional bookkeeping. Instead of simply recording transactions and preparing tax returns, strategic accounting partnerships focus on providing business insights, proactive planning, and comprehensive support that frees small business owners to focus on what they do best while ensuring their financial foundation supports sustainable growth.

Choosing the right financial statement service shouldn't feel like deciphering a foreign language. Do you find yourself confused by terms like "audit", "review", and "compilation" - and more importantly, uncertain about which one your business actually needs?

Is your business's financial management keeping you up at night? If you find yourself spending more time wrestling with accounting tasks than focusing on business growth, you're not alone. Many successful businesses reach a tipping point where their accounting processes no longer serve their needs. Here's how to recognize when it's time for a change.

The decision to supplement current accounting operations can be inherently challenging, and there are potential benefits to outsourcing.

A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional.

Accounting Difficulties Facing Government Contractors Navigating the financial and accounting landscape can be daunting. Government...

The board’s role in the oversight of organizational risk is increasingly complicated by cybersecurity concerns. Cybersecurity risk is...

Economic volatility is threatening many nonprofits’ financial outlook. Some may be experiencing poor returns on investments, while others...

One of the goals of the CFO is to make sure the company always has adequate cash to operate. To accomplish this task, the CFO typically...

According to a study by N-able, managed service providers (MSPs) report that 82% of their customers have seen an increase in attempted...

To expand or contract a business as market conditions change requires flexibility, agility and foresight. For companies who want to be...

U.S. businesses have been hit by the perfect storm. As the pandemic continues to disrupt supply chains and plague much of the global...

In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase...

The Infrastructure Investment and Jobs Act (H.R. 3684) will inject approximately $3 trillion into upgrading and expanding U.S....

In 2017, the Governmental Accounting Standards Board (GASB) issued GASB Statement (GASBS) No. 87, Leases (GASBS 87). GASBS 87 represents...