by MCCITStaff | Feb 27, 2025 | Tax Planning
by MCCITStaff | Feb 27, 2025 | Nonprofit
The Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. But the provision for accounting for current expected credit loss (CECL) went into effect for nonprofits in calendar years ending in 2023 and...
by MCCITStaff | Feb 23, 2025 | Uncategorized
Work in process (WIP) is a common term in manufacturing, often tossed around loosely. WIP is sometimes used interchangeably with “work in progress.” However, WIP has a specific meaning in an accounting context. While work in progress focuses on milestones, WIP...
by MCCITStaff | Feb 18, 2025 | M&A News
In 2025, global merger and acquisition (M&A) volume is expected to surge to the highest level in four years, according to Reuters. M&As require thorough due diligence to minimize risks and maximize long-term value. Some business combinations fail to achieve...
by MCCITStaff | Feb 16, 2025 | Uncategorized
Contractors often struggle to find suitable buyers for their companies when they’re ready to retire or otherwise move on. That may be why many construction businesses implement employee stock ownership plans (ESOPs). These plans offer a gradual exit strategy...
