What To Do When You Believe You Have Suffered Lost Profits

By: Zachary Reichenbach and Bradford Muir

This article was originally published online by Construction Executive. When business owners take on a contract, they are also taking on the risk that there might be issues with the agreement. Usually, the contract process will go according to plan... Continue Reading
The New Lease Accounting Standard and Re-visiting the Lease vs. Buy Decision

By: Bryan Porter

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02: the new lease accounting standard. By now, many private companies have considered the impact the new standard will have on financial reporting beginning in calendar... Continue Reading
More Jobs for Marylanders Means More Tax Benefits

By: Michael Cirangle

During 2017, Maryland passed the “More Jobs for Marylanders Act” of 2017, which specifically seeks to incentivize manufacturers to make capital and workforce investments in Maryland. The Act is part of Governor Hogan’s effort to boost the growth of manufacturing... Continue Reading
Not-For-Profit Financial Statement Changes: Expense Allocations

Information supplied by: Jessica Kuhn

Financial Statement changes are quickly approaching for Not-For-Profit organizations. Effective for fiscal years beginning after December 15, 2017, not-for-profits will now be required to report all expenses on both a natural and functional classification basis. This is a significant departure... Continue Reading
Bloomberg Featured Image

From: Bryan Porter

Business executives are turning to their CFO and accounting department for guidance on implementation details for the new leasing standard (effective calendar year 2020 for privately held companies). Invariably, the idea of revisiting the business strategy on deciding between leasing... Continue Reading
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