Interim financial statements show how a company is doing each month or quarter. If you think of annual financial statements as a year-end report card for a business, interim reports would be like progress reports that forewarn of troubles ahead or reassure you that everything is going well. The SEC requires quarterly reporting from certain public companies, but stakeholders in smaller entities can benefit even more from this type of information. Before you rely on an interim report, contact us to discuss the potential shortcomings. We can also help you address unresolved issues and determine an appropriate course of action based on what’s happening midyear.
If you want to control costs and improve delivery of your not-for-profit’s services, it’s important to calculate and regularly monitor four key ratios. They...
As teachers head back to school, they often pay expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct some...
The purpose of a corporation has shifted to reflect modern concerns. Instead of focusing exclusively on maximizing shareholder value, the Business Roundtable’s updated Principles...