by frishkoff | Jan 8, 2021 | Uncategorized
Good question! Well, it might be the understatement of the year, but over the last 10 months, our lives have been filled with change and uncertainty. Now we face even more unpredictability with a new administration coming in. One thing we here in the accounting world...
by frishkoff | Oct 5, 2020 | Uncategorized
An Explanation of Audits, Assurance and Attestation Over the last 5 years or so, there have been major changes to the accounting standards that must be implemented by businesses. If that’s not enough, many companies are struggling in the new COVID world, forcing them...
by frishkoff | Apr 18, 2020 | Uncategorized
Sorry for the subject line but we couldn’t help ourselves. After a week of dealing with various bank requirements relating to the PPP loans, some of which seem nonsensical, such as changing SBA requirements, opaque reasons for approval, non-approval, regional approval...
by frishkoff | Feb 5, 2020 | Uncategorized
“…but in this world nothing can be said to be certain, except death and taxes.” ― Benjamin Franklin As the leaves fall and the weather cools down, it’s time to make moves that can reduce your 2019 taxes or increase next year’s refund. Here are 6 tips we share with our...
by frishkoff | Feb 5, 2020 | Uncategorized
In 1938, Congress passed the Fair Labor Standards Act, which eliminated brutally long work days and ushered in the 9 to 5 workday. Today’s work world is dramatically different, with almost half of today’s workers freelancing or self-employed. According to CNN Money,...
by frishkoff | Feb 5, 2020 | Uncategorized
Accounting for the recognition of lack of recoverability of inventories can be a complex area that often requires the exercise of judgment. Although, US GAAP provides guidance under ASC 330, Inventory, it is the obligation of each entity to establish procedures to...
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