Impact of New Lease Accounting Standards on Not-for-profit Organizations
The long-awaited accounting standard update (ASU) for leases is finally at our doorsteps. ASU 2016-02, Leases is effective for private companies and not-for-profit organizations with annual reporting periods beginning after December 15, 2021. Early implementation is permitted. The core principle … Read more…
Your Shifting Risk Tolerance
When you created your investment strategy, your asset allocation should have reflected your goals, time horizon, and tolerance for risk. But over time, any of those three factors may have changed, and your portfolio may now need adjustments to reflect … Read more…
Reviewing revenue recognition for construction companies
While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you’re well aware, the longer-term nature of construction projects can prevent contractors from billing and collecting on a … Read more…
The Inflation Reduction Act includes wide-ranging tax provisions
The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions related to climate change, health care, and, of course, taxes. … Read more…
How Retirement Spending Changes with Time
New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money? This concern may be legitimate. Some households “live it up” and spend more than they anticipate … Read more…
Dashboard Reporting – Three key metrics
The not-for-profit sector is an ever-growing and evolving industry and with that comes various challenges and opportunities. With good financial reporting and analysis, not-for-profit organizations can prepare for these challenges and take advantage of opportunities that arise timely and with … Read more…
Series I Bonds: Pros & Cons
With fixed-income markets generating lackluster returns so far in 2022, investors have been looking for other ways to generate income in their portfolios. I Bonds, formally known as Series I Savings Bonds, have been one outlet investors have been looking … Read more…
Give your construction company’s bonding capacity a solid foundation
A high bonding capacity is a strategic objective of many construction businesses. Knowing you can get the necessary underwriting from your surety gives you the freedom to bid on jobs well suited to your strengths — not to mention bigger … Read more…
Investing vs. speculation; what’s the difference?
You may have seen the stories on the television or online of people who were able to generate outlandish returns in a short period of time through day trading or derivatives; but is this investing? Even though these traders are … Read more…
Businesses: Act now to make the most out of bonus depreciation
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available as a so-called bonus will begin to drop from 100% … Read more…
