A major regulatory deadline is approaching that could affect the quality and consistency of your company's annual audit - even though it's not your standard to manage. Here's what CFOs and financial officers need to know before December 15, and the three questions you should be asking your auditor right now.
Your first profitable year in business is worth celebrating. But it can also bring expensive tax surprises, especially if you're still managing the business like you did when revenue was lower. Here are the most common mistakes new business owners make and what to do instead.
Thinking about applying for an SBA loan to start or buy a business? Understanding your options—and what lenders really look for—can make or break your application. This guide walks you through the most common SBA loan types, eligibility rules, and key documentation to help you prepare with confidence.
The SEC may rescind its 2024 climate disclosure rules, but private companies should not assume their reporting obligations disappear. Contracts, state laws, and business relationships may still require climate and emissions information regardless of what the SEC does. Here is how to assess what still applies to your company and what you can safely scale back.
Form 990 is more than a tax return; it's a public document that donors, grantmakers, and regulators use to evaluate your nonprofit. Common mistakes in filing, reconciliation, and narrative disclosures can raise questions about financial stewardship or put your tax-exempt status at risk. This article outlines the key errors to avoid and how to build a more reliable year-over-year filing process.
The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automatically prevent certain penalties for eligible taxpayers with a strong compliance history. Starting with 2025 tax year returns and 2026 quarterly returns, qualifying individuals and businesses may avoid failure-to-file, failure-to-pay, and failure-to-deposit penalties without needing to call the IRS or submit a separate request. Understanding the eligibility requirements and transition timeline is key to making the most of this change.
Artificial intelligence is transforming the audit profession at a pace the industry has never seen before - and the biggest risk is not that AI will replace your auditor. It is that firms will trust it too much, too fast. Here is what responsible AI adoption in auditing actually looks like, and why it matters for your organization.
Although the June 30, 2026 deadline for the Section 179D energy-efficient commercial building deduction has passed, projects that began construction on or before that date may still be eligible for a significant per-square-foot deduction. Building owners with projects already underway should act now to confirm eligibility, secure required third-party certification, and file Form 7205 before documentation becomes difficult to reconstruct.
What if your accounting firm could do more than tell you where your money has been -- and instead help you decide where it should go? For too long, business owners have relied on their accounting teams for one thing: looking backward. There is a better way.
Starting January 1, 2026, many of the meal-related tax deductions your business has counted on for years will drop to zero -- and the clock is ticking. If your company provides on-site meals, cafeteria access, or even break room snacks, the after-tax cost of those programs is about to get more expensive. Here's what's changing, what still qualifies, and what you should be doing right now to get ahead of it.
What if some of the most significant tax changes in years were already in effect -- and your financial plan had not caught up yet? That is the reality facing many business owners and high-net-worth individuals in the wake of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025. From accelerated depreciation to restored research deductions, the OBBBA reshapes the tax landscape in ways that create real opportunities -- but only for those who act with intention.
If the words "year-end audit" make your stomach drop, you are not alone -- but the stress is more preventable than you think. A stressful audit is almost always the result of a year-round preparation problem, not a year-end one. Here is how to change that.
