Reconstructing the Financial Picture: What to Gather Early
Financial disputes rarely begin with a complete and orderly record. More often, questions arise around missing payments, unexplained transfers, inconsistent reporting, or concerns that the numbers do not reflect the full story. When that happens, the ability to trace activity and reconstruct financial records can make a meaningful difference in how efficiently
Common GASB Reporting Mistakes and How to Avoid Them
For state and local governments, accurate financial reporting plays an important role in maintaining transparency, accountability, and public trust. Yet even experienced finance teams can encounter challenges when navigating Governmental Accounting Standards Board (GASB) requirements. Between evolving standards, complex transactions, and year-end deadlines, rep
Asking for the Right Financial Records in Discovery
Discovery can shape the direction of a financial dispute. When the right records are requested early, attorneys and their clients are better positioned to understand the financial activity, identify gaps, and focus the matter on the issues that need attention. When requests are too broad or too narrow, the process can become slower, more expensive, […]
Trump Accounts: What Families and Employers Need to Know
A new savings option for children is drawing attention from families and employers alike. Created by federal tax legislation enacted in 2025, Trump Accounts began accepting contributions in July 2026. Along with providing a way to build long-term savings, these accounts give employers a new way to contribute to the financial futures of employees’ children.&nb
Not All Revenue Is Good Revenue
Revenue growth gets attention for good reason. Higher sales can signal stronger demand, new customer relationships, and a larger market presence. But a growing top line does not tell you whether the business is actually becoming more profitable. For many businesses, certain customers, products, locations, or service lines may generate strong sales while c
Price Transparency Risk: What Recent FTC Activity Means for Dealers
Vehicle pricing has always required coordination between sales, finance, accounting, and compliance. Recent Federal Trade Commission activity is a reminder that advertised prices are not only a sales issue. They are also a risk management issue. In March 2026, the FTC announced that it had sent warning letters to 97 auto dealership groups regarding decept
Year-End WIP Cleanup: What Contractors Should Review Before Financial Statements Are Final
For contractors, work-in-progress reporting is more than an accounting exercise. It is one of the clearest pictures of project health, profitability, and financial position. As year-end approaches, taking time to clean up WIP schedules can help contractors prepare for tax planning, bonding conversations, lender reporting, and annual financial statements.
ESOPs as Another Path for Business Owners
When business owners begin thinking about transition, the conversation often starts with two familiar options: passing the company to family or selling to an outside buyer. For some owners, those paths may fit well. For others, the right answer is less clear. An employee stock ownership plan, or ESOP, may offer another path. In general, […]
FTC Safeguards Rule Checkup: Is Your Dealership’s Customer Data Program Ready?
Dealerships collect a significant amount of sensitive customer information through the sales, financing, and leasing process. Credit applications, income details, Social Security numbers, account information, insurance records, and lender communications may all pass through the store before, during, and after a transaction. That makes data protection more
Retainage and Receivables Before Winter: Improving Cash Flow Before Year-End
For many contractors, fall is a natural time to take a closer look at cash flow. Project schedules may be shifting, weather can begin to affect field activity, and year-end reporting is quickly approaching. Before winter arrives, contractors have an opportunity to review receivables, retainage, change orders, and slow-paying projects while there is still time [