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Benchmarking Financial Performance

You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time and against competitors. Conduct a [...]

By |2020-01-22T19:14:30-05:00January 22nd, 2020|Categories: Blog, Small Business Services, Tax|0 Comments

What are the Responsibilities of an Audit Committee?

Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors and markets with high-quality, reliable financial information. Recent SEC statement Under Securities and Exchange Commission (SEC) regulations, all public companies [...]

By |2020-01-22T19:11:51-05:00January 22nd, 2020|Categories: Audit, Blog|0 Comments

Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for vehicle-related expense [...]

By |2020-01-22T19:09:17-05:00January 22nd, 2020|Categories: Blog, Small Business Services|0 Comments

Overview of Provisions of the SECURE Act Affecting Plan Sponsors

Congress recently passed-and the President signed into law-the SECURE Act, landmark legislation that affects the rules for creating and maintaining employer-provided retirement plans. Whether you currently offer your employees a retirement plan (or are planning to do so), you should [...]

By |2020-01-17T22:00:59-05:00January 17th, 2020|Categories: Audit, Blog|Tags: , |0 Comments

SECURE Act Provisions Affecting Individuals

Congress recently passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in [...]

By |2020-01-17T22:03:32-05:00January 17th, 2020|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments

How Sage Intacct’s Intelligent GL Will Change the Role of Finance Executives

The annual Sage Intacct Advantage conference is an opportunity for the company to lay out its vision for the future and show off innovative new product features. One of the key themes of this year’s conference was achieving Finance [...]

New Law Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the [...]

By |2020-01-06T16:22:55-05:00January 6th, 2020|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Employee Benefit Plans: Do you Need a Form 5500 Audit?

Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA examines the plan’s financial statements and schedules to ensure they’re presented fairly and in conformity with [...]

By |2020-01-03T17:53:00-05:00January 3rd, 2020|Categories: Audit, Blog|Tags: , , |0 Comments

New Law Provides a Variety of Tax Breaks to Businesses and Employers

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law [...]

By |2020-01-03T17:45:46-05:00January 3rd, 2020|Categories: Audit, Blog, Tax|Tags: , , , |0 Comments