Accounting and Auditing Cryptocurrencies

…government. Digital assets also experience significant market volatility, with unpredictable and substantial market value swings of individual assets. These considerations preclude them from being considered cash or cash equivalents. In…

Nonprofit Accounting: Fundraising Reminders

…to have no fair market value. Accounting considerations for nonprofit auction events Auctions include two different transactions that are accounted for separately. In the first transaction, the donor donates a…

2022 Virginia Tax Legislative Update

…portion of the tax is being eliminated. We will continue to monitor new and changing Virginia and other states’ tax considerations that may impact you and your business. If you…

Accounting for Economic Disruption: Natural Disasters

…thorough understanding of accounting standards, loss adjustments, insurance recoveries, and related transactions. This blog explores key considerations and best practices for accounting under these challenging circumstances. The financial impact of…

Financial Reporting Requirements for Crowdfunding Raises

Crowdfunding Overview and Accounting Considerations Traditionally, businesses that are trying to get off the ground could raise capital through various different methods including equity financing, convertible debt, debt financing, and…