New Law, New Tax Strategy: Time to Plan Ahead

After months of debate, the One Big Beautiful Bill Act (OBBBA) has become law, bringing sweeping changes to the U.S. tax code for both individuals and businesses. Below is a breakdown of a few of the most significant provisions, along with actionable planning insights. We will be providing a much deeper dive into this bill in the coming weeks.

Are You Recording Donor-Restricted Funds Correctly? Best Practices for Nonprofits

When a conditional contribution becomes unconditional, it’s time for your organization to recognize it as revenue. But that’s not the end of the story—another critical question follows:

Is Your Business Ready for the New Tax Bill? 5 Moves to Make Now

The Senate is currently in a marathon “vote‑a‑rama” phase, reviewing hundreds of amendments to the “One Big Beautiful Bill” (OBBBA) passed by the House in May. That means significant changes remain possible before a final Senate vote—expected this week—followed by a return to the House and, ultimately, the President’s signature.

Are You Accounting for Conditional Contributions Correctly? Here's What Every Nonprofit Should Know

In the nonprofit world, you’ve likely heard terms like donationpromise to give, and contribution used interchangeably. But each term has a specific meaning—and understanding the differences is critical for accurate financial reporting and compliance.

Don’t Wait Until Tax Season: 5 Year-Round Tax Strategies for Small Business Owners

If your approach to taxes starts and ends in the first quarter of the year, you may be missing out on significant opportunities to reduce your tax bill, improve your cash flow, and make smarter financial decisions.

Cash Flow Crunch? How to Build a Forecast That Helps You Stay Ahead

Cash is king—especially in today’s unpredictable economy. Yet many business owners are flying blind when it comes to cash flow.

Transforming Financial Operations: How CAAS Can Streamline Your Business

Running a business involves juggling countless responsibilities, but managing financial operations doesn’t have to be one of them. By working with a Client Accounting and Advisory Services (CAAS) professional, you can streamline your financial processes while providing actionable insights to improve decision-making. CAAS can revolutionize your business operations, through:

House Passes Sweeping Tax Bill: Key Takeaways for Individuals and Businesses

On May 22, 2025, the U.S. House of Representatives narrowly passed a comprehensive tax and spending bill, often referred to as the "One Big Beautiful Bill Act." This legislation encompasses significant tax reforms and spending measures. The bill now advances to the Senate, where it faces potential revisions and debates.

How Your Child’s Summer Job Can Translate to Tax Savings

With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on the payroll? This move can help you save on family income and payroll taxes, making it a win-win situation for everyone!

Key Performance Indicators (KPIs) Every Business Owner Should Monitor

Understanding and tracking the right KPIs is crucial for business success. With the help of a Client Accounting & Advisory Services (CAAS) professional, business owners can monitor these metrics seamlessly and identify areas for improvement.