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Consider Moving to QuickBooks Online: A Future-Proof Solution While the changes to QuickBooks Desktop may seem concerning, they present an excellent opportunity to transition to QuickBooks Online (QBO). Here’s why moving to QBO could be the best decision for your...

Intuit recently announced significant changes regarding the availability of several QuickBooks Desktop products for new U.S. subscribers. These changes may impact both prospective and existing customers, so it’s important to be informed about what this means for your...

Many nonprofits recognize the importance of establishing strong internal controls. But it is just as important to know why certain internal controls are in place. In other words, what are the objectives of your internal controls and what are you trying to accomplish...

It has been more than two years since Accounting Standards Update No. 2016-02 (ASC 842) became effective for private companies and nonprofit organizations for fiscal years beginning after December 15, 2021. However, some nonprofits are still adjusting to this major...

The Employee Retention Tax Credit (ERTC) was devised during the pandemic to provide financial relief to businesses and nonprofit organizations that continued paying employees while shut down due to COVID-19 or that had a significant decline in gross receipts during...

For many businesses, such as retailers, manufacturers, and contractors, strict inventory control is central to operations. If you don't track inventory accurately, you cannot effectively produce goods, meet customer demand, and realize profits. During your year-end...

Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they are top of mind. Perhaps you are vacationing with relatives or getting together for a backyard BBQ. Whatever the reason you are spending time...

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators, and victims of occupational fraud. “Occupational Fraud 2024: A Report to the Nations” covers more than 1,900 cases of white-collar crime,...

If you are financially successful or expect to become so, taxes are or will become one of your biggest expenses — and most people want to minimize their tax obligations. Roughly two-thirds of Americans say that they pay too much in federal income taxes, according to a...

Market uncertainties are causing some small businesses to struggle. If you are considering filing bankruptcy for your small business, you may need to act fast. A temporary change in the laws determining which debtors are eligible for certain bankruptcy protections is...