To insulate your small business from income loss, owners and bookkeepers must keep good records of everything.
By not collecting accounts receivable, companies are effectively working for free and will experience cash-flow issues.
The Supreme Court’s Wayfair decision created more work for small businesses to comply with tax regulations.
Accountants must use their judgment in working with data points from multiple sources in applying new lease accounting rules.
The Taxpayer Advocate Service helps support small businesses as they work through challenges and issues with the IRS.
The U.S. Chamber of Commerce’s Small Business Summit brought together perspectives to foster growth and sustainability.
There are a number of ways the new revenue recognition rules could impact small businesses that use IFRS or U.S. GAAP.
An executive order aims to expand sponsorship and adoption of multiple-employer plans for small and mid-size businesses.
The JOBS and Investor Confidence Act would help start-up companies attract investments to grow and create jobs.
A survey of individuals at small businesses finds that most employees and company leaders underestimate cyber risk.
Customer lifetime value can help small business owners understand customers’ real worth for better strategic planning.
The Retirement Security for American Workers Act could make it easier for smaller businesses to join together to offer pensions.
Three changes are providing opportunities for small businesses to manage cash flow more efficiently and effectively.
The five S’s are key to building a business you can sell: system, specialize, subscription-based cash flow, scale, and story.
Small businesses that offer HRAs to their employees need to keep in compliance with relevant legislation and regulations.
Strong revenues and profits, more owners looking to sell, and qualified buyers all contributed to a record year.
A rule banning financial companies from using mandatory arbitration clauses was set aside by Congress.
The Senate and House of Representatives are taking different approaches to tax reform for pass-through companies.
The U.S. Small Business Administration seeks to halt a new rule that could prove costly for small banks.
A new presidential administration in the U.S. also means a Regulatory Review. IMA encourages its members to participate.
Employers and employees share responsibility for reporting the correct amount of tips and service charges to the IRS.
The New Ventures and Economic Success Today (INVEST) Act introduces accounting changes for small and medium-size business.
Accountants in family-owned businesses face the challenge of doing their jobs while navigating family dynamics.
A bill increasing the limit on accredited investors passed in the House with very strong support and now moves to the Senate.
The effective use of precise, practical, and easy-to-use checklists can streamline operations for the small business.
An integral part of growing your small business is assessing the variety of funding sources and identifying the best option.
Like a GPS for the car, accountants provide valuable directions and insights for small businesses.
Federal regulations are often complex and nuanced. Which ones do small businesses find the most confusing?
FASB’s long-awaited update to the lease accounting standard makes some significant changes to leasing requirements.
The Fostering Innovation Act of 2015 (H.R. 4139) extends a reporting exemption for emerging growth companies for an additional 10 years.
Small businesses must be careful of any new tax obligations that might arise as operations expand.
President Obama’s 2017 budget includes a proposal that helps small businesses offer retirement plans to employees.
The voice of small business within the U.S. federal government.
A primer on how small businesses can influence the regulatory process.
Qualified small businesses can expense, instead of capitalize, items of $5,000 or less, but they need acceptable financial statements.
Small business owners should know the financials behind their business. Accounting for the Numberphobic explains how they can learn.
New legislation allows only one registration approval for companies that want to raise up to $50 million in a year.
Even in family-owned businesses, proper internal controls are a necessary deterrent to fraud.
Organizational change management helps ensure that the human perspective isn’t overlooked when implementing significant changes.
The bill that makes permanent certain tax breaks for small businesses would add $79 billion to the budget deficit.
Software-as-a-Service applications provide small businesses with a number of major advantages over in-house solutions.
President Obama’s proposed 2016 fiscal budget includes several tax proposals that will affect small businesses.
DOL officials are waiting for the final report from the ERISA Advisory Committee.