WASHINGTON — The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the standard...
Accounting Industry Insights
FASB’s New Standard Aims to Improve Not-for-Profit Financial Reporting
In August, 2016, the Financial Accounting Standards Board (FASB) launched new reporting standards for Non-for-Profit Entities that will be effective for 2018 calendar year-ends or 2019 fiscal year ends. It is important to be familiar with the requirements ahead of...
Audits Add Shine to Firms – WSJ.com
By ANGUS LOTEN, WSJ.com Small businesses whose books are audited—by a hired certified public accountant, not the Internal Revenue Service—improve their chances of getting a loan, and at far better terms, than businesses with less scrutinized financial statements, a...

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We specialize in audit, accounting and taxes for individuals, companies, non-profit entities, and homeowner's associations.
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We are part of the successor to a long established local accounting firm which has served its clients in Prescott for more than 35 years.
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