The Inflation Reduction Act (IRA) of 2022 provides billions of dollars in direct funding, tax credits and other incentives aimed at the manufacturing sector. The goal of much of the bill’s funding is...
The Inflation Reduction Act of 2022 (IRA), signed into law last August, touched on a wide variety of climate change and clean energy matters. But perhaps the most important changes for individuals...
The United States Department of Labor, Internal Revenue Service, and the Pension Benefit Guaranty Corporation have announced changes to the Form 5500, which is the annual return or report of an...
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Babita & LGT As one of the leaders of our Not-for-Profit Group, Babita Sherchan has more than 15 years of experience in auditing not-for-profit organizations, government entities, and schools. Her...
Nonprofit organizations (NPOs) that serve low-income communities often have difficulty raising funds to pursue their missions. The COVID-19 pandemic made fundraising even more difficult. Many NPOs...
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take...
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, it established numerous programs that provided incentives for employers to keep employees on their...
If you run a manufacturing and distribution (M&D) company, inventory is most likely your largest asset, as well as being your revenue generator. Because inventory is the backbone of every M&D...
An internal audit uses resources within the company to critically evaluate the functionality of the company to produce growth and progress. These audits are often continuous in nature, but they can...
Government funding brings some rather complicated reporting and auditing requirements. This can apply to both for-profit businesses and not-for-profit organizations (NFPs) that receive federal...