In accrual-basis accounting, timing is everything. One core principle of U.S. Generally Accepted Accounting Principles (GAAP) is the matching concept, which requires organizations to recognize expenses in the same period…
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For many types of construction companies, visibility is key. There may be multiple competitors in your market that provide largely the same services you do. How can you distinguish yourself…
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The U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 on July 1. (Vice President J.D. Vance provided the tiebreaking vote.)…
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They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you…
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A fictional not-for-profit lost its executive director (ED) when she died unexpectedly. The charity had a basic contingency plan, but the document didn’t name an actual successor for the ED…
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Although footnote disclosures appear at the end of reviewed or audited financial statements, they’re far more than a regulatory formality. They provide critical insight into a company’s accounting policies, unusual…
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