Do You Qualify for the Employee Retention Tax Credit? Take the QuickTest and find out. The expanded Employee Retention Tax Credit (ERTC) provides welcome relief for businesses and organizations hardest-hit by the global pandemic. Here’s what you need to know. ERTC Qualifications You may qualify for the ERTC if: Operations
Tax regulations can be tricky especially true when dealing with sales, use, and other taxes assessed on businesses, and in some cases, individuals. If a taxpayer is unaware a tax liability exists it may take years before they are alerted and it’s often by the state Department of Revenue. The
Revenue Recognition Rules – We Can Help In 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) jointly issued new revenue recognition rules. ASC 606, Revenue from Contracts with Customers, creates a consistent set of standards that all companies must follow when reporting their
Start Stronger. Build Better. Sell Smarter. “I’ve always wanted to own a business.” “I need to know my company is running as smoothly as it can.” “If I sell the family business, I’ll finally have the time and money to write my novel.” Sales, mergers, and acquisitions carry the promise
Perform at Your Best Whether it’s the Cincinnati Ballet, The Dayton Broadway series, or your local neighborhood community theatre, performance is the heart and soul of any cultural arts organization. But your dancers, musicians, and actors can’t perform at their best if your organization isn’t performing at its best. Barnes
Give Generously and Confidently You’re not the only one thinking about the financial health of your foundation – your investments play a critical role in society. Your gifts provide food, clothing, and shelter. They fuel after-school programs, theater productions, museum exhibitions, and hospital expansions. If your finances aren’t in tip-top
Microsoft 365 users are being targeted yet again by a new phishing campaign – Fake IRS emails. A cybersecurity report by a well-known computer support and security company estimates that as many as 70,000 Microsoft Office 365 users have received emails from scammers impersonating the Internal Revenue Service. A Harder
Any company with sales in Michigan should consider how the new affiliate and click-through nexus standards for Michigan sales & use tax affect their tax liability. The new nexus laws could create a Michigan filing requirement for companies that did not previously have one. The new law approved by the
Providing Peace of Mind for Mental Health Organizations Health insurance claims. Government reimbursements. PCI DSS and HIPAA. Grant compliance. Fee-for-service payments. Budget reconciliations. Board reports…the list goes on and on. If you’re in charge of financial operations for a mental health organization, these terms take up a lot of
Download Our Fractional CFO Guide Louisville Client Accounting & Advisory Services When a business experiences a period of sustained growth it is certainly a cause for celebration. Not only does it mean the business strategy has been successfully executed, but also reflects the hard work of team members across the
Faith in Your Future As a religious organization leader, your faith and your mission come first. But your financials are a critical priority as well. You’re accountable to supporters and the congregation. You rely on their generosity. And they want to know how you’re using their gifts for the betterment
Recent Interest Rate Cuts After much speculation, the Federal Reserve reduced the interest rate on July 31, 2019. This was the first cut in over a decade. The quarter-point reduction to 2% came as an effort to primarily do three things: Increase inflation to the preferred rate of 2% per