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So far Thomson Reuters has created 303 blog entries.

Analytical Procedures for Audit Efficiency

Analytical procedures can help make your audit more efficient The use of audit analytics can help during the planning and review stages of the audit. But analytics can have an even bigger impact when these procedures are used to [...]

By |2021-02-26T12:02:54-05:00February 26th, 2021|Categories: Audit, Blog|Comments Off on Analytical Procedures for Audit Efficiency

Qualify for Home Office Deductions?

If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, [...]

By |2021-02-22T13:03:53-05:00February 22nd, 2021|Categories: Blog, Tax|Comments Off on Qualify for Home Office Deductions?

Reporting restricted cash

Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the current accounting guidance? The basics Restricted cash is a separate category of “cash and cash equivalents” that isn’t available [...]

By |2021-02-19T11:38:38-05:00February 19th, 2021|Categories: Audit, Blog|Comments Off on Reporting restricted cash

Tax implications of buying or selling a business

Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering buying or selling another business, it’s [...]

By |2021-02-16T14:23:41-05:00February 16th, 2021|Categories: Blog, Tax|Comments Off on Tax implications of buying or selling a business

Should I consider a debt restructuring?

Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan payments. Instead of filing for bankruptcy in court, delinquent debtors may reach out to lenders about restructuring [...]

By |2021-02-12T16:16:01-05:00February 12th, 2021|Categories: Audit, Blog, COVID-19|Comments Off on Should I consider a debt restructuring?

Financial keys to securing a commercial loan

Does your business need a loan? Before contacting your bank, it’s important to gather all relevant financial information to prove your business is creditworthy. By anticipating information requests, you can expedite the application process and improve your chances of [...]

By |2021-02-05T16:31:18-05:00February 5th, 2021|Categories: Audit, Blog|Tags: , , |Comments Off on Financial keys to securing a commercial loan

The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a result, you might claim a lower deduction for vehicle-related [...]

By |2021-02-01T12:28:34-05:00February 1st, 2021|Categories: Blog, Tax|Tags: , , , , , , |Comments Off on The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021

Footnote Disclosures: The Story Behind the Numbers

The footnotes to your company’s financial statements give investors and lenders insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making well-informed business and investment decisions. Here are four important issues that you [...]

By |2021-01-29T12:43:11-05:00January 29th, 2021|Categories: Audit, Blog|Tags: , , , , , , , |Comments Off on Footnote Disclosures: The Story Behind the Numbers
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