Advisory

What are Donor-Imposed Conditions?

Donors can impose two different types of stipulations on contributions provided to nonprofits, restrictions and conditions. While donor-imposed restrictions specify…

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Nonprofit Revenue Recognition: Contribution Vs. Exchange Transaction

In order to apply the correct revenue recognition accounting, nonprofits must consider if a transaction is a contribution or an…

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GSA Verified Products Portal (VPP) Implementation

May 17, 2021 – The General Services Administration (GSA) Federal Acquisition Services (FAS) issued a mandatory mass modification, Refresh 6,…

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Who Should Your First Accounting Hire Be: Controller, Senior Accountant, or CFO?

Congratulations on successfully establishing your business and beginning operations! Now that you’re up and running, you may be considering your…

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The Most Effective Mechanism to Increase Valuations and Expedite the Sales Process is Anticipatory Sell-Side Diligence

When you are ready to sell your business, the two events you want to avoid are unexpected / unreasonable reductions…

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Firm Mattresses? Yes. Firm Financials, Not So Much

Steinhoff International Holdings NV (Steinhoff), which owns well-known mattress retailer Mattress Firm, was recently recognized as one of the worst…

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Reducing Capital Gains by Creative Use of SMLLCs and Installment Notes

A popular estate planning technique for estates facing the prospect of incurring federal estate tax has been for a grantor…

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