By Lucas LaChance | As consumer behavior has shifted toward subscription-based convenience, nonprofits have a chance to rethink how they engage supporters.
In accrual-basis accounting, timing is everything. One core principle of U.S. Generally Accepted Accounting Principles (GAAP) is the matching concept, which requires organizations to recognize expenses in the same period as the revenue they help generate. Prepaid expenses — payments made for goods or services before they’re used — must be handled carefully to conform […]
Running a successful business calls for constantly balancing the revenue you have coming in with the money you must pay out to remain operational and grow. Regarding that second part, careful accounts payable (AP) management is critical to strengthening your company’s financial position. Proper AP management enables you to maintain strong relationships with vendors, suppliers […]
On July 4, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends many of the provisions of the Tax Cuts and Jobs Act (TCJA), the sweeping tax legislation enacted during the first Trump administration. It also incorporates […]
Protecting patient data is critical for all healthcare providers, including small and mid-sized outpatient physical and occupational therapy clinics. Yet many of these mid-market businesses mistakenly believe they’re “too small to be noticed.” In reality they’re exactly the kind of target cybercriminals prefer—handling highly sensitive health and billing data, often with limited cybersecurity resources in […]
The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s important to understand how the proposals could alter key tax breaks. Curious about how the bill might affect you? Here are seven current tax […]
It’s the height of the construction season in most parts of the country and your business probably wants to make the most of it. But rising costs, worker shortages, international tariffs and other pressures may threaten the profitability of your enterprise. The last thing you need is fraud. According to the Association of Certified Fraud […]
LOS ANGELES, June 10, 2025 – Miller Kaplan, a top 100 certified public accounting firm, is pleased to welcome a new partner Steven Gin, CISA, to the Los Angeles office. With more than two decades of experience in public accounting, Gin will lead the launch of Miller Kaplan’s Risk Advisory practice, further expanding the firm’s […]
Preparing for CMMC compliance? Not sure where to start? If you’re a defense contractor or subcontractor navigating cybersecurity requirements, we’ve got good news: Miller Kaplan is an official Registered Practitioner Organization (RPO), accredited by TheCyberAB! This means our Information Security team is formally recognized and authorized to help organizations prepare for CMMC (Cybersecurity Maturity Model […]
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on December 31. It also includes some new and […]
For many businesses, accounts receivable (AR) are more than just a line item on the balance sheet. This account provides a key indicator of potential cash flow, customer relationships and overall financial health. So proactive AR management is critical. The AR aging report has long been a cornerstone of expediting collections and reducing credit risk, but it’s taken on greater […]
If you’ve recently received a settlement or award from a lawsuit, or you’re expecting one, you may be wondering how the IRS views this money. Will you need to pay taxes on it? The short answer: It depends on the type of damages you received. Understanding the basic rules can help you avoid surprises. Taxable vs. nontaxable […]