With new tariff structures looming and global trade relationships in flux, businesses face rising uncertainty in supply chain costs and inventory planning. As countries iron out the details of future…
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Only some not-for-profit organizations are required to conduct independent annual audits. For example, the federal government and many states mandate an audit if a not-for-profit receives more than a specific amount in…
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We are thrilled to share that YHB has been recognized by USA Today as one of America’s Most Recommended Accounting Firms for 2025. This prestigious list is based on feedback…
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If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the step-up in basis. Below is…
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Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful…
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Your not-for-profit’s board of directors should enjoy the role, the opportunity to support a cause close to their hearts and the camaraderie of working with others who’re dedicated to achieving…
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