Insights

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.

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.

The reconciliation tax bill signed into law by President Trump on July 4 sets out sweeping tax changes, with many provisions of interest to the real estate industry. This Alert highlights the most important changes for the industry to focus on in tax planning. 

President Donald Trump signed into law a sweeping reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) at a July 4 signing ceremony, capping a furious sprint to finish the legislation before a self-imposed Independence Day holiday deadline. The Senate had approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations. The House then voted 218- 214 on July 3 to send the bill to th

The One Big Beautiful Bill Act (OBBBA) represents the most comprehensive tax legislation in years, fundamentally reshaping the American tax landscape for individuals, businesses, and organizations across all sectors. With the bill now finalized, taxpayers face a complex array of changes that demand immediate attention and strategic planning.

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

The IRS on July 14 released initial explanations of the new deductions for tips, overtime pay, and auto loan interest, while pledging to quickly release more substantial guidance. The deductions are for individuals but have important implications for businesses. They are effective immediately for 2025. 

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.

Every business decision has a tax impact - some obvious, some hidden. Understanding these implications before you act can save...

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

Pass-through entities, including partnerships, S corps, and LLCs, can benefit from tax advantages due to their structure.

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