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At LBMC, we serve clients from a variety of industries with in-depth expertise in each field. Some of these industries include government, insurance, not-for-profit, privately-owned, public companies, and sports and entertainment.
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Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
FASB issued the ASU No. 2014-09 effective 2018 for public companies and 2019 for private companies. Here’s what you need to know.
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018.
Since it can cost six to 10 times more to get a new customer than to keep an existing one, why wouldn’t a business focus intensely on making sure customers have an amazing experience?
Non-profit organizations are embracing technology to measure and report their performances. When used strategically, technology can not only show performance, but also help business growth and greater efficiency.
Poor record keeping can result in lost deductions. Here are five key things to document for car and truck expenses.
By implementing these tips for successful audit preparation, your not-for-profit organization will be able to reduce preparation time and feel more confident when your auditors arrive.