Blog

Melissa King | May. 7, 2025

QuickBooks Desktop Discontinuation Creates Challenges for Many Manufacturers

QuickBooks, a leading provider of accounting software, has announced the discontinuation of new versions of their QuickBooks Desktop software. The…

Brandon Dunigan | May. 2, 2025

What Tax Deductions and Credits Are Available for My Construction Company?

Qualified Production Activities Deduction: Don’t miss out on the Qualified Production Activities Deduction available to construction companies equal to 9% of…

Chris Wittich | May. 1, 2025

The Role of Accounting in Factoring: A Conversation with Becky Gibbs & Kevin McCarty

In this episode of Traction with the Tiger, host Chris Wittich is joined by Becky Gibbs and Kevin McCarty from…

Becky Gibbs | Apr. 29, 2025

Understanding the Difference Between Accounting and Tax Profitability for Factoring Companies

For factoring companies, understanding the distinction between accounting profit and taxable income is crucial for effective financial management. Accounting Profit…

Kevin McCarty | Apr. 29, 2025

Understanding Retained Earnings and Why They Matter for Factoring Companies

Retained earnings are a key financial metric for factoring companies, representing the cumulative sum of net income from all previous…

Becky Gibbs | Apr. 29, 2025

Practical Accounting Practices for Companies That Use Factoring

Factoring can be a game-changer for businesses looking to improve their cash flow. By selling receivables to a factoring company,…

Kevin McCarty | Apr. 29, 2025

The Importance of Audits for Factoring Companies

Audits play a critical role in ensuring the accuracy and reliability of financial statements for factoring companies. Conducted by CPAs,…

Chris Wittich | Apr. 29, 2025

Navigating the Restaurant & Brewery Industry: A Conversation with Nick Swedberg

In this episode of Traction with the Tiger, host Chris Wittich sits down with Nick Swedberg, the firm’s in-house restaurant…

Jasmin McKenzie | Apr. 23, 2025

Mine Your Nonprofit’s Audit Report for Good Suggestions

Your nonprofit must carefully review findings after an annual audit and correct any deficiencies identified in the audit report. But…

Ashley Sparks | Mar. 31, 2025

Manufacturers: Do You Know the Telltale Signs of Vendor Fraud?

Vendor fraud can be a significant risk in the manufacturing sector, where companies rely on numerous third-party suppliers for raw…

Ali Hansen | Mar. 31, 2025

Ratio Rundown: Use Financial Benchmarking to Unlock Profitability, Efficiency and Growth

Financial statements tell a powerful story about your business. However, they can seem like an overwhelming collection of figures without…

Chris Wittich | Mar. 26, 2025

M&A Insights for Business Owners: A Conversation with Dan Callewaert

In this episode of Traction with the Tiger, Chris Wittich sits down with Dan Callewaert, one of the newest managers…

Chris Wittich | Mar. 24, 2025

Income Tax & ERC Interplay Guidance from the IRS

The IRS released 3 new FAQ on March 20th 2025 that address some of the problems that arise with income…

Chris Wittich | Mar. 21, 2025

Boyum Barenscheer 2025 Tax Guide

Discover the 2024-2025 Tax Guide with expert advice, key updates, and helpful tools to ensure a smooth and informed tax…

Dan Callewaert | Mar. 19, 2025

Impact of Due Diligence in Business Purchase

When buying a business, the purpose of due diligence is to make sure you fully understand the company before making…

Dan Callewaert | Mar. 19, 2025

Due Diligence – Quality of Earnings or Audit?

Audit (and review) reports (collectively, “attestation engagements or reports”) serve a purpose different than QoE/due diligence. Items that are correct…