News & Resources

Last Call for Lease Accounting

  The updated lease accounting standard is currently in effect for private companies. After several postponements during the pandemic, the Financial Accounting Standards Board (FASB) voted unanimously to move forward with the changes. That means private companies and private not-for-profit

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How Inflation Could Affect Your Financial Statements

  Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) covers the prices

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Forecasts vs. Projections: What’s the Big Difference?

  Financial statements look at historical performance. But there are times when you want forward-looking reports to help your business make strategic investment decisions, evaluate the viability of a turnaround plan or apply for a loan. Your accountant can help

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Deciding Between Cash and Accrual Accounting Methods

  Small businesses may start off using the cash-basis method of accounting. But many eventually convert to accrual-basis reporting to conform with U.S. Generally Accepted Accounting Principles (GAAP). Which method is right for you? Cash Method Under the cash method,

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Employee Retention Credit (ERC) Update

  The IRS has issued guidance for employers on the retroactive termination of the Employee Retention Credit (ERC). The ERC was retroactively terminated as of September 30, 2021, except for employers that are a recovery startup business.   Infrastructure Investment

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Free Online Training Resources for Indiana Employees

  The Indiana Department of Workforce Development is offering free online training resources to companies to assist in training their employees. The Department of Workforce Development (DWD) is managing and operating the initiative. Between now and  December 31, employers can

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Funds Still Available Through the Indiana Restart Grant

  In April 2021, Indiana announced an expansion of the Indiana Small Business Restart Grant to help accelerate economic recovery activity by supporting Hoosier entrepreneurs and small businesses. The program provides working capital to eligible companies by reimbursing certain expenses

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