President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has long endorsed the imposition of…
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Many balance sheet items are reported at historical cost. However, current accounting standards require organizations that follow U.S. Generally Accepted Accounting Principles (GAAP) to report certain assets and liabilities at…
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In January, the Consumer Financial Protection Bureau (CFPB) finalized a rule that bans the inclusion of medical bills on credit reports. It also prohibits lenders from using medical information in…
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Community banks continue to deal with a shortage of skilled labor and rising employee benefit costs. So many are turning to bank-owned life insurance (BOLI). BOLI is a highly tax-efficient…
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How well does your not-for-profit protect the privacy of donors, staffers, clients and volunteers? It’s an important question because failure to protect personal data can expose your organization to costly…
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Tuesday, April 15 is the deadline for filing your 2024 tax return. But another tax deadline is coming up the same day, and it’s essential for certain taxpayers. It’s the…
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