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Cloud Computing Accounting: What You Need to Know about Capitalizing the Costs of Cloud Computing
By Matthew Dobson on September 21, 2022

Technology continues to play an increasingly prominent role in every aspect of business. Accounting standards applicable to the costs of technology have had to adapt accordingly. Consider...

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Combating Inflation Through Tax Changes? A Quick Summary of the Inflation Reduction Act
By Freed Maxick on September 7, 2022

The Inflation Reduction Act (IRA) of 2022, formally called the budget reconciliation bill, was signed into law on August 16, 2022. This bill impacts a wide variety of areas, from climate...

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Startup Strategies: Three Key Financial Ratios Every Startup Should Know
By Adam Poole, CPA on September 7, 2022

MAXIS® by Freed Maxick assures organizational effectiveness for startups In the prior two ‘financial statements for startups’ articles, we address four common challenges that startups must...

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Startup Strategies: Help to Overcome Startup Financial Statement Hurdles
By Adam Poole, CPA on August 24, 2022

In our first of three articles, we discussed the need to attract business partners for a successful launch and stressed the importance of developing sound financial statements. In this...

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Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
By Freed Maxick on August 18, 2022

After almost a year of negotiations, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16. The law, which originated in 2021 as the much larger Build Back...

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Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
By Don Warrant, CPA on August 11, 2022

Good News for Non-Residents Owning Vacation Property in New York State The New York State Supreme Court, Appellate Division, Matter of Obus v New York State Tax Appeals Trib. (June 30,...

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