Insights
Practical reading for
owner decisions
Tax, accounting, and transition guidance written for owner-led companies in Idaho and Utah.
Signs You Are Ready to Transition Your Business
Business Transition As a business owner, you always want what’s best for your business. You want to see continual growth and success as the outcome of all the…
View DetailsWhat is a FAR Audit?
FAR Audit If you have ever operated a business involved in federal government contracts, you may have heard about FAR audits. These audits, governed by the Federal Acquisition…
View DetailsWhat Expenses are Tax-Deductible for Construction Businesses?
Construction Businesses Running a construction business in Idaho comes with its share of expenses. Understanding which costs are tax-deductible can not only improve cash flow but also position…
View DetailsDental Accounting: Common Mistakes and How to Avoid Them
Dental Accounting When starting a dental practice, certain financial challenges may arise that you weren’t prepared for. These challenges can make or break the success of your business,…
View Details3 Major KPIs to Track for Dental Practices
KPIs, or key performance indicators, are essential to track the success of any business. They are a good measure of the overall financial health of a company and…
View DetailsKey Vs. Non-Key Controls in Auditing
If you’re in business, especially running or managing finances, the terms “key controls” and “non-key controls” might sound technical, but understanding them is simpler than you think. At…
View DetailsHow to Switch Your Business from Cash to Accrual Accounting
Switching from cash to accrual accounting can feel like a big leap, but it’s often a smart move for growing businesses. This shift provides a more accurate financial…
View DetailsWhat is Due Diligence in Accounting?
Before conducting a major business transaction, such as an investment, it is essential to thoroughly examine financial records and verify information to ensure everything is correct. This process…
View DetailsConstruction Accounting: What is a WIP Report?
There is an art to being able to efficiently run an advanced construction business. Between securing construction jobs, ordering materials, organizing revenue and expenses, and managing different teams…
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