At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, etc., for the new…
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The going concern assumption underlies financial reporting under U.S. Generally Accepted Accounting Principles (GAAP) unless management has plans to liquidate. If a going concern issue is identified but not adequately…
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This summer, a major change quietly reshaped the way millions of Americans will be taxed. On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBB) into…
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A well-designed loan risk-rating system is a critical component of a bank’s risk management program. These systems help management accurately and consistently identify and monitor credit risk in a bank’s…
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Beginning September 30, 2025, the IRS will no longer accept paper checks for tax payments or issue refunds by mail. Instead, all payments and refunds will be processed electronically. This…
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Funding cuts, donation dips and general economic uncertainty may have you struggling to keep your not-for-profit afloat. The last thing you need is rumormongering among your staff. Employees might understandably…
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