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The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain [...]

Understanding Form 8300 Reporting It’s not uncommon for dealerships to receive large sums of cash as payment for vehicles. As you know, your dealership is generally required to file a special [...]

Why is on-time delivery so important? On-time delivery (OTD) is one of the primary distinguishing factors manufacturers use to differentiate their product offerings from competitors. It is the [...]

A hypothetical not-for-profit staffer named Britney had maxed out her personal credit cards. So when her car needed repairs, she reached for her employer’s card. She reasoned that she would come [...]

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do [...]

Most of us are exposed to the oil and gas industry when we fill up our gas tanks or pay the home heating bill. However, there is more to “oil and gas.” It touches our lives in several ways [...]

Everyone agrees that transparency and disclosure are essential elements for good government. When the Governmental Accounting Standards Board (GASB) introduced the concept of Management’s [...]

Accounting for contributions and grants has often proven complicated for not-for-profits, especially when they come with donor-imposed conditions. But 2018 guidance from the Financial Accounting [...]

You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to [...]

Clark Schaefer Hackett and Definity Partners are excited to introduce you to Alan Smith, our new Control Systems Engineer. Specializing in systems integration, specifically within manufacturing [...]