Outsourcing Accounting Services Can Help During a Time of Rapid Growth

Opportunities in business can often appear on short notice and can move quickly. This is even more likely to occur for a startup company or small business that is hungry and looking to expand early and often. Of course, business growth often encompasses changes and expansion in the duties held by your accounting personnel. Hiring… Read more »

After Two Decades of Work, Insurance Accounting Is Overhauled With Release of Global Standard

The IASB published its much-anticipated overhaul for insurance accounting, ushering in a major change to how insurers report the risks they take and the promises they make to their customers. The standard aims to offer more transparency into an industry where balance sheets are often compared to a “black box”. International insurance companies will be… Read more »

IRS advises on how to know if it’s really IRS knocking at the door

In an Information Release, IRS has announced that it has created a special new page on its website (irs.gov) to help taxpayers determine if a person visiting their home or place of business claiming to be from the IRS is legitimate or an imposter. Most of this information is also contained in a contemporaneously released… Read more »

A Competitive Employee Benefit Program Helps to Retain Quality Employees

Employee compensation and medical benefits are typically seen as a standard for attracting entry level employees. However, the marketplace continues to grow with more experienced workers and specialists who have invested years in continuing education. Many of these people appreciate the presence of an advanced benefit program, such as enrollment in a 401K. Sometimes this… Read more »

QuickBooks Training Helps with Efficient Bookkeeping

Keeping clean and easy-to-read financial records plays an important role in the health and growth of your small business. Many startups and smaller companies often need many people to wear several different hats. This often means there is no one trained accountant or CFO on staff. Using a quality accounting software like QuickBooks helps track… Read more »

Recent developments that may affect a YOUR tax situation

Following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. New guidance on how small businesses can use research credit to offset payroll tax. Businesses that increase certain research expenses may use a research credit to reduce their… Read more »

Successful Financial Planning Leads to Small Business Success

If you operate a startup or other form of small business, chances are good that you play many different roles from week to week throughout the years. Having your finger on the pulse of day-to-day operations can be an advantage in understanding the strengths and weaknesses of your small business. Unfortunately, being so immediately involved… Read more »

New Guidance on Principles Based Reserves for Life Insurers

In 2009 the NAIC started the process to update the methodology used to calculate life reserves and move to principles based reserving (“PBR”).  As of June 10, 2016 the required number of states had adopted the updated methodology and the NAIC adopted the recommendation to implement principles based reserving as of January 1, 2017 for… Read more »

Online Accounting Systems Improve Accounting Efficiency

Inefficient or ineffective accounting practices kept on paper can pose several different headaches for you both throughout the fiscal year and at tax time. Beyond simple inaccuracies with profit and loss information, sloppy bookkeeping habits can also make it harder to attract new investors and secure a loan for business expansion and could even increase… Read more »

Larson & Company Can Help Streamline the Cost of Municipal Entities

Here at Larson & Company, our team of accounting and financial professionals have worked with more than 30 different government entities, providing a wide range of services. Our significant experience includes accounting and audit principles as well as an intimate understanding of regulations. This includes the Government Accounting Standards Board, commonly referred to as the… Read more »