News & Insights

For decades, accounting has been rooted in tradition: manual workpapers, spreadsheets and long hours. Many remember (or still feel) the grind of journal entries completed one by one, the constant chase for status updates and the pressure of the close. But the profession has changed and so have the expectations placed on today’s accounting teams. […]

You’re reviewing your company’s 2026 payroll calendar when you notice something unusual, 27 pay periods instead of the standard 26. Before panic sets in, know that the 27th payroll period anomaly happens roughly every 11 years, and with proper planning, it’s entirely manageable. If your first biweekly payroll is paid on January 2, 2026, you’ll […]

In today’s fast-paced digital world, organizations constantly introduce innovative technologies and applications to streamline processes and enhance efficiency. However, many companies face challenges in pinpointing where application controls should be implemented to ensure security and accuracy. The Importance of IT Application Controls The Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework is a […]

For more on the topic, read Christopher D. Fagan’s comments in The Business Journals article by Senior Reporter Andy Medici: Middle market M&A was expected to have a big 2025. Then a wild card entered the mix. The 2025 middle market mergers and acquisitions (M&A) landscape is a dynamic and evolving space, influenced by a […]

I have a fulfilling job. And as a trusted advisor to our manufacturing clients, one of my great pleasures is a plant tour. I recently visited a plant for one of our firm’s new clients for the first time. On this day, you meet your typical groups (accounting, finance, legal) and people in operations that […]

There is a lot of press about generative artificial intelligence (GenAI) and a subset called large language models (LLM). As someone who makes a living in public accounting, I find this topic very interesting. I lived through the changes that paperless audits, mobile devices and the internet brought to the profession. My first audit room […]

At a time when technological advancements are reshaping every industry, the accounting field is no exception. I began my career in 2021. You may think, “How much could change in three years in a profession like public accounting?” With automation and other new technology tools, the answer is almost everything. Technology’s Impact on the Accounting […]

Updated as of March 27, 2025: The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that narrows reporting obligations under the Corporate Transparency Act (CTA). As of March 21, 2025, U.S. companies and U.S. persons are exempt from reporting beneficial ownership information (BOI) to FinCEN. Entities formed under […]

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has extended the deadline for many small businesses to file beneficial ownership information (BOI) reports to January 13, 2025. This comes after a federal appeals court recently granted a motion to lift an injunction put in place by a district court ruling. How We Got Here Under […]

New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025, have been suspended nationwide under a new court ruling. However, businesses can still voluntarily submit BOI reports, according to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN). How we got here Under the Corporate Transparency […]