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ProfitSense

LGT StaffMay 23, 20235 min read

8 Small Business Accounting Errors You Could be Making

Many small business owners love running their business, whether it be ...
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LGT StaffMay 22, 20236 min read

8 Ways Inflation Rates are Changing Your Financial Statements

The impact of inflation on a company's financial statements can vary ...
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Babita Sherchan, CPAApril 25, 20234 min read

How New Markets Tax Credits Can Benefit Nonprofits

Nonprofit organizations (NPOs) that serve low-income communities ...
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LGT StaffApril 25, 20232 min read

7 Tips on Preparing Your Business in a Downturn

As a business owner, preparing for a downturn is crucial to your ...
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Cindy TorresMarch 28, 20233 min read

Preparing Your Not-For-Profit for an Audit Under ASC 842

A set of accounting standards for leases is now mandatory for most ...
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LGT StaffFebruary 22, 20234 min read

Understanding the Inventory Turnover Ratio

If you run a manufacturing and distribution (M&D) company, ...
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LGT StaffJanuary 25, 20234 min read

5 Reasons Internal Audit Functions are Vital for Your Business

An internal audit uses resources within the company to critically ...
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Cindy TorresJanuary 24, 20234 min read

Single Audit Requirements for Nonprofits that Receive Federal Funds

Government funding brings some rather complicated reporting and ...
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Jon Wellington, J.D.January 24, 20232 min read

Increased Risk for Retailers: Changes to Public Law 86-272

When it comes to filing income tax returns in states where a taxpayer ...
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Justin Lewis, CPADecember 14, 20223 min read

7 Ways Construction Companies Can Prepare for a Possible Recession

Inflation and increasing interest rates have made many people nervous ...
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