One of the most common challenges growing businesses face is that their financial structure doesn’t evolve as quickly as the rest of the company. What worked when the business was smaller—basic bookkeeping, spreadsheets, and a lean accounting team—often becomes strained as operations grow more complex. Leadership begins to need better visibility, stronger processes, and more reliable [...]
For many small businesses, offering health insurance is one of the most important — and expensive — benefits they provide. It helps attract and retain good employees, but the cost can make it difficult for smaller employers to offer coverage. That’s where the Small Business Health Care Tax Credit comes in. This credit was designed to [...]
When an employee raises a concern, the biggest risk isn’t the complaint itself, it’s how the organization responds. The first 24 hours matter more than most employers realize. They set the tone for trust, documentation, and, whether intended or not, your level of legal exposure. Here’s where organizations tend to get it right (and where [...]
Abe: A defensible JD clearly lists essential functions, measurable expectations, required skills, typical environment, supervisory relationships, and it matches what the employee actually does. Why it matters: When duties are explicit, you can fairly classify FLSA status, provide ADA accommodations, and support performance actions. A: Be specific enough that you can point to a [...]
Abacus! has been recognized by Accounting Today as a Top Regional Leader in the Midwest for the fourth consecutive year. The annual list highlights firms demonstrating strong performance, strategic growth, and industry leadership. Accounting Today compiles its rankings each year using firm performance data, insights from firm leaders on emerging industry challenges, and strategies driving success [...]
For many business owners, tax season is the time when they step back and review the financial performance of their business. Tax returns bring the numbers together and provide a clear record of how the past year unfolded. That review is valuable. But tax returns, by design, focus on historical information. By the time they’re completed, [...]
Families are hearing more about “Trump Accounts” and wondering whether they’re worth paying attention to. Like many new tax-related tools, the details matter. Here’s what parents and guardians need to know—and how these accounts may (or may not) fit into a broader financial plan. What Is a Trump Account? A Trump Account is a newly created, [...]
Follow this step-by-step guide to fill out your Engagement Letter and Tax Organizer using the Abacus! App (mobile version). View our web version step-by-step guide here to learn how to use the app on your web browser. Step 1 Sign in with your existing Abacus! App account, or sign up using your [...]
What is MD&A? Management’s Discussion and Analysis (MD&A) is a required section of your annual financial report under GASB standards. It appears at the beginning of the financial statements and must be prepared by management, not the auditors. MD&A is classified as Required Supplementary Information (RSI) under GASB and is included as part of your audited [...]
Earlier this year, the Equal Employment Opportunity Commission (EEOC) voted to rescind its 2024 Harassment Guidance. The announcement can be reviewed directly on the EEOC’s website here. The previously issued guidance had expanded interpretations around workplace harassment, including remote work, gender identity protections, and employer obligations in digital environments. Its rescission has created understandable questions [...]
