New Leasing Standards Arrive for Private Companies

New Leasing Standards Arrive for Private Companies

The new Financial Accounting Standards Board (FASB) rules, which became effective on January 1, 2019, for public companies using a...

Cost Segregation: A Tax-Saving Strategy

Cost Segregation: A Tax-Saving Strategy

Depreciation is a reduction in the value of an asset over time resulting from wear and tear, deterioration or obsolescence....

Three Steps to Securing Data in Your Business

Three Steps to Securing Data in Your Business

Cybersecurity — especially data privacy — is one of the biggest problems facing businesses today. These security problems are compounded...

5 Things to Consider Before Changing Payday

5 Things to Consider Before Changing Payday

You may have a good reason to change your payday, but before you make your move, be sure to consider...

FIFO or LIFO: Which Is Right for Your Business?

FIFO or LIFO: Which Is Right for Your Business?

The way businesses value inventory can affect their taxes. It also affects the financial statements companies present to banks when...

How to Develop an Effective Succession Plan

How to Develop an Effective Succession Plan

Sometimes, you can become so busy running a business that you are overly focused on the “here and now.” But...

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