Beyond the numbers: 5 red flags that may indicate financial distress

November 12, 2024

To spot financial distress early, it sometimes pays to look at more than just a company’s financials. Here are some red flags to watch for.

How to report contingent liabilities in your company’s financial statements

November 8, 2024

Is a contingent loss remote, probable or reasonably possible? The answer determines whether to disclose it in the footnotes and accrue a liability on the balance sheet.

5 reasons to outsource your bookkeeping

November 1, 2024

Many businesses say, “Yes!” to outsourced bookkeeping. Here’s why.

How your business can prepare for and respond to an IRS audit

October 22, 2024

What triggers an IRS audit and how can you prepare if your business is selected?

The evolution of financial reporting

October 15, 2024

Ever wonder why the accounting rules are so complicated and ever-changing? As the markets evolve and new challenges arise, the rules of the game may need to be revised.

Reminder: Profits and cash flow aren’t the same

October 1, 2024

A solid understanding of the differences between profits and cash flow can help your business avoid cash shortfalls.