Seven Simple Steps to Starting Your Own Business

Sep 19, 2019 | Uncategorized

Owning a business is a dream that can become a nightmare without adequate planning. But if you follow some simple steps, a business can be a satisfying and lucrative venture. The following are seven steps you can take to ensure that your business idea has a chance to...

The Five Key IRS Rules of Taxation for Lawsuit Settlements

Sep 17, 2019 | Tax

Coming out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there is a financial settlement involved. There is likely a sense of both relief and vindication. Unfortunately, far too often people are in for a shock when they...

FASB Issues Proposal to Delay New Standards

Aug 26, 2019 | Nonprofit

On August 15, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, non-for-profit organizations, and certain small public companies extra time to implement the following new...

Understanding and Applying Accounting Reports and Ratios

Aug 22, 2019 | Tax

When it comes to tracking incoming sales and outgoing expenses, there are many ways businesses can keep up with their invoices and implement strategies to reduce the time they spend on unpaid sales.   Accounts Receivable Turnover Ratio Simply defined, the...

Change is Finally Here! Newly Published EBP SAS

Aug 5, 2019 | Audit, Benefit Plan Audits

Following a shocking 39 percent audit deficiency rate in an audit quality study conducted by the Department of Labor (DOL) in May 2015, the DOL requested the ASB take a fresh look at the auditor reporting model for ERISA plan audits to provide better insight to the...