Financial Statement Preparation
Financial Peace of Mind
Financial statement preparation involves using standards set forth by the AICPA to organize and communicate critical financial information. This includes taking provided financial information that has been collected over a reporting period, and organizing the information into financial statements which will bring value to management. Common financial statement methods used for preparations include accrual basis, cash basis and income tax basis.
Recent Articles
How to Grow Your Money When Savings and CD Rates Drop After Rate Cuts
When the Federal Reserve cuts interest rates, it’s good news for borrowers and consumers, but not so much for savers. The Fed’s recent quarter-point rate cut is a reminder that the annual percentage yields (APYs) on savings accounts and certificates of deposit (CDs)...
Trump’s Pfizer Deal Signals Relief for Drugmakers Facing Tariff Threats
A recent deal between the Trump administration and Pfizer is signaling hope to the pharmaceutical industry. Under Trump's Pfizer deal, Pfizer gets an exemption from pharmaceutical-specific tariffs if the company invests in domestic manufacturing. This key deal is...
Tax Changes Under the One Big Beautiful Bill: Nontaxable Income, Gift Limits, and Overtime Deductions
President Trump’s One Big Beautiful Bill (OBBB) introduced several tax changes designed to boost take-home pay and simplify the tax code. Some major adjustments include nontaxable income, gift limits, estate tax exemption, and overtime deductions. Here’s a look at...
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