Insights

New language and significant changes are coming to the independent auditor’s report for private companies effective for financial statements with reporting periods ending after December 15, 2020.

The tourism and hospitality industry is beginning to regain its footing and bounce back from the pandemic. Travelers are eager to return to their favorite vacation destinations and business hubs.

While buyers may be attracted to your company’s industry, profitability and growth potential, you can increase your company’s exit value by enhancing certain business fundamentals, including the actions recommended in this article.

The Schedule of Expenditures of Federal Awards (SEFA) is a financial statement schedule prepared by management that lists an organization’s expenditures of federal assistance for the fiscal year by federal agency, grant number and amount.

One of the best ways to increase and preserve your family’s wealth when considering selling your business is smart tax planning.

Cannabis has been in the headlines again as voters in many parts of the country approved its availability for recreational use during the last election cycle.

As the COVID-19 pandemic struck the U.S hard in March of 2020 and still lingers into 2021, we are seeing less corporate tax audits at this time.

Glamping, or nature-based travel more broadly, has become a proven part of the hospitality sector.

The Internal Revenue Service (IRS) issued on September 3, 2021 Revenue Procedure 2021-40 (2021-40), which stated that the IRS will place a temporary halt on issuing letter rulings or determination letters in relation to whether certain transactions are self-dealing within the meaning of Section 4941(d) of the Internal Revenue Code (the Code).