Category Archives: News

CA Middle-Class Tax Refund: Are you eligible?

You Might Have a Holiday Gift AND It’s More Generous Than We Thought! What is...

Collect Quickly to Increase CASH FLOW: Cash Flow and Accounts Receivable Relationship

It’s not just about collecting money that is owed to you, but receiving it in...

Why You Should Keep Funds in Your HSA Account and Not Withdraw Them

To withdraw or not to withdraw funds from your HSA: what should you do? We...

GASB 87 Implementation Lessons Learned (plus, what to do if you haven’t started!)

Now that (most) agencies are full speed ahead on implementing GASB 87, there have been...

Temporary 100% “Bonus Depreciation” Decreases by 20% Per Year Starting in 2023

If you were planning to buy equipment anyway, DO IT NOW to take advantage of...

COVID Audit Options Local Government Agencies Should Know

2022 Compliance Supplement for Single Audits On May 12, 2022, the OMB (United States Office...

Inflation Reduction Act of 2022: How It Impacts Businesses and Individuals

Passed on August 16, 2022, the Inflation Reduction Act of 2022 replaces President Biden’s proposed...

Helping Government Agency Finance Departments Do More With Less

Introduction In a recent survey of our city and county government clients, a full 70%...

Cybersecurity Best Practices for Local Governments and Municipalities

How much do your agency’s employees know about cybersecurity? Are they familiar with the concepts...

ERISA Section 103(a)(3)(C) Replaces the 401(k) Plan Limited Scope Audit – Your Questions Answered

The only thing constant is change. And now, the ERISA (Employee Retirement Income Security Act...

Top 5 Financial Management Habits That Help Grow Your Business

How Healthy is Your Company? With so many moving parts vital to the success of...

What’s better than a Memorial Day sale? How about a discount on your 2022 California business income taxes?

Q:  What’s better than a Memorial Day sale? A:  A day at the beach?  The...

Five Reasons CPAs Should Use Tested Software Solutions for Creating Clients’ Financials

Executive Summary Many CPA firms prefer to use their own proprietary formats for their clients’...

Our Opinion on Software Solutions for GASB 87 Reporting

Introduction We just held LSL’s Annual GASB update, and we spoke to several government representatives...

Ready or Not, Here Audit Comes!

“Are your accounts reconciled? Are the capital assets activities booked? Are the bank reconciliations up...