Interim financial statements show how a company is doing each month or quarter. If you think of annual financial statements as a year-end report card for a business, interim reports would be like progress reports that forewarn of troubles ahead or reassure you that everything is going well. The SEC requires quarterly reporting from certain public companies, but stakeholders in smaller entities can benefit even more from this type of information. Before you rely on an interim report, contact us to discuss the potential shortcomings. We can also help you address unresolved issues and determine an appropriate course of action based on what’s happening midyear.
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper...
A Health Savings Account (HSA) offers tax-advantaged funding of health care costs. If you have a qualified high-deductible health plan, you can contribute to...
You must report certain assets and liabilities (such as derivatives and intangibles acquired in a business combination) at fair value, rather than historic cost....