Perspectives that move you forward.
Insights, updates, and real-world guidance from our team—designed to help you navigate what’s next in finance, accounting, and organizational leadership.
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Insights, updates, and real-world guidance from our team—designed to help you navigate what’s next in finance, accounting, and organizational leadership.
We get it — “audit” doesn’t exactly spark joy. But for nonprofits, an audit can be a powerful tool for building trust, securing funding, and preparing for the future.
In July 2025, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2025-05, which tweaks how businesses estimate credit losses on short-term accounts receivable and contract assets.
You may have heard about the new tax U.S. tax law that is now in effect. The One Big Beautiful Bill ACT (OBBA) was signed into law on July 4, 2025, and includes sweeping changes to individual and business taxes.
At Bilotta & Company, CPAs, LLC, we proudly support the work of industry organizations that champion fairness, opportunity, and free enterprise.
On May 20, Washington State Governor Bob Ferguson signed several bills into law that impact state taxes.
For nonprofits with a June 30 fiscal year-end, the spring season presents a golden opportunity—not just for fundraising galas and grant writing—but for laying the groundwork for a smooth and stress-free financial statement audit.
As a 401(k) plan sponsor, ensuring your plan is compliant with ERISA (Employee Retirement Income Security Act) requirements is essential to safeguarding your employees' retirement benefits and minimizing risks to your business.
In today's rapidly evolving business landscape, small to medium-sized businesses (SMBs), especially in the nonprofit and construction sectors, face unique financial challenges.
Making timely quarterly tax payments is critical for any business. By tracking your payments, you can avoid penalties imposed by the IRS due to late filing, manage cash flows throughout the year as opposed to one single payment, and ensure your good standing with tax authorities.
With the current uncertainty surrounding both governmental and individual grants, nonprofit organizations are facing increasing pressure to do more with less.
Navigating federal awards and ensuring compliance can be a complex task for nonprofits. To streamline this process and maintain robust compliance, it's essential to implement effective contract and compliance controls.
Accountants play a crucial role in adding value to organizations by mitigating the risk of fraud, a pervasive threat that can significantly impact financial stability and reputation. The fraud triangle, comprising pressure, opportunity, and rationalization (POR), provides a framework for understanding how fraud occurs.
In nonprofit accounting, accurately recording contributions is vital not only for financial transparency but also for compliance with U.S. Generally Accepted Accounting Principles (U.S. GAAP). Two common forms of contributions that often present technical accounting challenges are gifts in kind and donated services.
In business, where trust is paramount and integrity is non-negotiable for those that are in it for the long game, allegations of fraud can send shockwaves and chills through any organization.
In response to stakeholder feedback and the evolving landscape of crypto assets, the Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) aimed at improving the accounting and disclosure practices related to crypto assets.
The U.S. Department of Labor is implementing changes to regulations related to employee or independent contractor classification under the Fair Labor Standards Act (FLSA).
Filing the IRS Form 990 is a crucial responsibility for nonprofit organizations, as it provides transparency and accountability to donors, stakeholders and the public.
For business owners and finance leaders, understanding the distinction between liabilities and equity is crucial for accurate financial reporting and informed decision-making.
In today's dynamic business landscape, mergers and acquisitions (M&A) have become vital strategies for organizations seeking growth, market expansion and increased competitiveness.
In today's dynamic business landscape, companies are increasingly relying on strategic marketing funnels to drive growth and inform their forecasting practices
In the ever-evolving realm of business, entrepreneurs face a multitude of challenges when it comes to effectively managing their financial operations.
In an era defined by rapid technological advancements, businesses across industries are continuously seeking ways to enhance operational efficiencies and drive strategic value. Procure-to-pay (P2P) transformation has emerged as a powerful approach to streamline procurement processes, automate manual tasks, and unlock cost savings.
In the ever-evolving landscape of revenue recognition, understanding the principal versus agent distinction is essential for companies seeking to comply with the guidelines set forth by U.S. GAAP Topic 606
In today's complex business environment, the accurate application of accounting standards is crucial for organizations seeking financial transparency, compliance and access to capital.