In today’s economic climate, saving to secure your financial future is essential. Contributing to a retirement plan is a tax-efficient, tangible goal that will help ensure that you...

The charitable donations tax deduction limit for 2021 contains provisions that enable businesses to help those in need. It also helps by claiming certain deductions against their t...

As the end of the tax year approaches, it is probably time to start thinking about year-end transactions to boost your tax refund. Of course, it is a good idea to manage your incom...

Compelling annual reports from non-profits can highlight the journey, mission, impact, and goals achieved during the year. It is usually sent to the donor base as well as stakehold...

Tax reporting for nonprofits Being a charitable non-profit does exempt the organization from paying income taxes. However, it is important to file an annual information return ev...

Government contract cost accounting rules apply to all companies contracted to do government work across all sectors. Some contractors find these rules difficult to understand. But...

Government contractors deal with a range of general and administrative expenses or overhead costs. The term ‘overhead costs’ is a broad category. It's not usually confined to a sin...

Your accountant is going to know every little detail about your finances – a topic that is considered taboo in polite society! How on earth do you choose someone who you need to tr...

Financial statements are records of business activities and a company’s financial performance. Government agencies, accountants, and firms at times audit them to ensure accuracy an...