Entries by Kimberly Belair

Preparing to File Your 2023 Taxes

Another year has come and gone — which means it’s time to start thinking about filing your taxes again (cue the collective groans!). At Leone, McDonnell and Roberts, we understand that not everyone is as excited about tax time as we are; we recognize that the whole tax season can feel daunting for taxpayers. Below […]

New Accounting Standard for Leases – FASB ASC 842

FASB issued ASU 2016-02, Leases (Topic 842) in February 2016. The new lease standards impact all public and private entities that report under Generally Accepted Accounting Principles (GAAP). The new standards are already in effect but not everyone has been prepared to implement the new standards. ASU 2016-02 was effective for private companies and nonprofit […]

Preparing for a Financial Statement Audit

The objective of a financial statement audit is to provide assurance regarding the quantitative and qualitative aspects of a business or organization. Most organizations understand that financial statement audits happen – and for a myriad of reasons.