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1. Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, became effective for publicly-traded companies on January 1, 2023. It will take effect for private companies on January 1, 2024. It builds on ASU No. […]

What Are Co-Managed IT Services? Co-managed IT services aim to reduce the burden of maintaining the full scope of your IT needs to run a successful business. While fully managed IT services take over the complete responsibility of an IT department, co-managed IT services supplement your existing internal IT staff/department. Benefits of Co-Managed IT Services

What is the Employee Retention Credit? The ERC is a fully refundable tax credit in an amount based on wages paid to employees during certain periods of time in 2020 and 2021. To be eligible for the credit, an employer must have experienced at least one of the following in connection with the pandemic during

Managing Risk Long Before the Exit Although managing risk is critical before you make an exit from your business, it is equally important as you run the company too. Putting policies in place now to address some of the most high-risk areas for businesses can decrease risk overall, making the company a much better investment