Key Takeaways Fair market value (FMV) and strategic value are not the same number — and confusing them is one of the most costly mistakes owners make before a sale. FMV reflects what the open market will pay based on cash flows, risk, and comparable transactions....
Key Takeaways A Single Audit is required for any nonprofit that expends $1 million or more in federal awards in a single fiscal year. “Expended” has a specific meaning under federal guidelines — and it includes pass-through funds from state and local...
Key Takeaways President Trump ordered the halt of penny production in 2025, and pennies are already becoming scarce in everyday commerce. Businesses that accept cash must now round transactions to the nearest nickel — but how that rounding works for sales tax is still...
Key Takeaways Nearly two-thirds of family businesses lack a documented succession plan. In manufacturing, where equipment cycles, workforce tenure, and customer relationships require years to transition, that gap is especially costly. The most effective succession...
Key Takeaways FQHCs operate under three overlapping federal reporting frameworks—UDS, Single Audit, and CMS Medicare/Medicaid cost reports—each requiring cost data organized differently. HRSA is eliminating the overhead allocation column from UDS Table 8A in 2026,...
