After a one-year delay, Tokyo finally hosted the 2020 Summer Olympics. Fans cheered on their nation’s star performers, hoping their team would set new records and bring home the gold. …
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Organizations that have already adopted the new revenue recognition standard (ASC 606) may have discovered that it was not a smooth transition. As with any type of change in the …
A Company’s Secret Weapon—R&D Tax Credit for Construction, Engineering, and Architecture Firms
The construction, engineering, and architectural industries took a devastating blow when the COVID-19 pandemic swept the nation. However, forward-thinking companies looked past lockdowns and saw opportunities; during their idle time, …
Managing Company-wide Risks With Strong Financial Processes While Working Remotely!
Most business teams – in nearly every sector – are still working remotely, including their accounting and finance departments. Thus, those in the accounting and financial departments should collaborate often …
How Tech Companies Can Qualify For R&D Tax Credit
In August 1981, the personal computer revolution was powering up; that’s when IBM released its first PC. This was the catalyst that inspired tremendous innovation in the IT and software …
This news is music to the ears of small business owners across the country. According to an announcement this week, the borrowing window has opened again. Business owners may now …
Highlights from the 2nd Round of the Paycheck Protection Program (PPP)
Welcome back, PPP. This sequel has been greatly anticipated, as approximately 90% of borrowers say they’ve exhausted their first loan. This lifeline may help many small business owners stay afloat …
Outsourcing Accounting Services are Spurring Growth in Businesses of All Sizes
In the early stages of your business, you are most likely fixated with marketing, growing revenue and becoming a reputable brand. These are all excellent facets of your organization that …
Is it Time for a Royalty Audit?
The recording industry has massive stakeholders – from songwriters to artists to a multitude of businesses, which are involved in the distribution process. And it’s an industry that can ignite …
10 Frequently Asked Questions About Research and Development Tax Credit
What is the R&D tax credit? The United States government promotes and incentivizes business innovation by allowing tax credits for research-related expenditure. Known as Research and Development (R&D) tax credit, …