YHB News

Feb

Mastering the Statement of Functional Expenses: Overcoming Common Challenges

The Statement of Functional Expenses (SFE) is a cornerstone of not-for-profit accounting, providing transparency and accountability to donors, stakeholders, and regulatory bodies. However, many organizations face challenges when preparing this…

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7 common M&A due diligence pitfalls

Beyond Boomers: How to engage younger…

Financial relief for families: The benefits…

It’s not too late to trim your 2024 taxes

November 18, 2024

As the end of the year draws near, savvy taxpayers look for ways to reduce their tax bills. This year, the sense of urgency is higher for many because of…

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Get a handle on how accounting and tax profitability metrics differ

November 15, 2024

The pretax (accounting) profit that’s reported on your company’s income statement is an important metric. Lenders, investors and other stakeholders rely on pretax profits to evaluate a company’s financial performance.…

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Unlocking the mystery of taxes on employer-issued nonqualified stock options

November 15, 2024

Employee stock options remain a potentially valuable asset for employees who receive them. For example, many Silicon Valley millionaires got rich (or semi-rich) from exercising stock options when they worked…

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Is a PTET election right for your construction company?

November 14, 2024

Businesses structured as partnerships, S corporations or limited liability companies generally aren’t subject to the federal corporate income tax. This is because tax liability “passes through” such entities to each business…

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How the U.S. election changes the outlook for taxes

November 8, 2024

Disclaimer: YHB does not endorse or promote any political agendas. Our goal is to provide our clients with unbiased, factual information that affects them. The outcome of the November 5 election…

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How to report contingent liabilities in your company’s financial statements

November 4, 2024

It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), some contingent losses may…

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