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
Tax Breaks for Individuals Were Extended Under the Consolidated Appropriations Act, 2021
In late December of 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (the Act), which included the long-anticipated pandemic-related Tax Relief Act of 2020. It also included the Taxpayer Certainty and Disaster Relief Act of 2020, which...
Employee Retention Tax Credit Opportunities for 2021
The Consolidated Appropriations Act, 2021 (the Act) signed into law by President Trump on Dec. 27, 2020 includes significant modifications to the Employee Retention Tax Credit (ERC) enacted under the CARES Act. The credit originally provided a 50% refundable tax...
Smart Money Moves and Goals for Financial Progress in 2021
The beginning of a new year has long been associated with starting from a blank slate and setting new goals for the year ahead. While 2020 taught us that plans and goals can quickly veer off course through no fault of our own, maybe 2021 can teach us the value of...
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