Imagine this scenario: A company’s controller is hospitalized and she’s the only person inside the company who knows how its accounting and payroll software works. She also is the only person with check signing authority, besides the owner, who is in lockdown at his second home out-of-state. Meanwhile, payroll needs to be processed soon and Read more…
Learn the warning signs you’ve outgrown your current system and what to expect when upgrading to an advanced, cloud-based financial management solution.
Explore the power of ESG services for accountants: compliance, strategy, and more. Seize the opportunity and navigate the sustainability landscape.
If you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest personal assets and in many cases, your marital property will include all or part of it. You can generally Read more…
Do you conduct your business as a sole proprietorship or as a wholly owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax. There may be a way to cut your tax bill by using an S corporation. For 2023, the SE tax is imposed at the painfully high Read more…
Timely financial reporting is key to making informed business decisions. Managers must know what’s in the pipeline to respond promptly and decisively. Unfortunately, preparing financial statements under U.S. Generally Accepted Accounting Principles (GAAP) typically takes several weeks. And many companies only produce GAAP financials at the end of the quarter or year. In the meantime, Read more…
ISSB standards IFRS S1 and S2 are changing the game in accounting. They are bridging nature and economics, promoting transparency.
If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to claim deductions, you must meet certain requirements for out-of-town business travel within the United States. The rules apply if the business conducted reasonably requires an overnight stay. Note: Read more…
Discussing accounting and ESG in the same conversation is more common today as firms consider not only their environmental, social, and governance (ESG) metrics, but also see value in serving clients in this space. ESG opportunities are unfolding quickly, from compliance and assurance work to strategy and implementation assistance. Accountants have worked with financial data Read more…
Colorado has amended last year’s Retail Delivery Fee law to exempt qualified small businesses and to streamline the administrative requirements for companies that are not exempt from remitting the delivery fee. In 2022, the state passed a mandatory 27-cent retail delivery fee, effective July 1, 2022, for any purchases of tangible personal property that are Read more…
The term “carbon footprint” has been in the news, your online shopping shipping information, and even your company’s communications. From campaigns to using less plastic to eating less meat, it seems everyone is buzzing about ways to reduce their carbon footprint. What is a carbon footprint? Why is it important? This article will unpack the Read more…
Contrary to what you might imagine given the name, family offices are more subject to fraud and malfeasance than small- to medium-sized businesses. Why? Aren’t we all family? Don’t we treat everyone with care and respect? To paraphrase Willie Sutton: “Because that is where the opportunity is.” Most family offices have few employees. Their staff Read more…
Sensiba San Filippo LLP, a top-100 U.S. accounting, consulting, and professional services firm, announced today it has rebranded as Sensiba LLP. The new brand better reflects Sensiba’s commitment to helping businesses manage complexity, navigate growth, and embrace change. With significant growth and expansion over the last few years, the firm wanted to take this opportunity Read more…
Introducing Sensiba: A new era of commitment to clients, people, and the planet. Our rebrand reflects growth, values, and personal engagement.