Scott Wiseman, CPA

Celebrate National Small Business Week! Operating a small business takes immense hard work and dedication. Have you considered its real value? Whether you're planning for succession or preparing to sell, understanding your business’s worth is crucial. This week, as we honor the resilience, community spirit, and innovation of small businesses, take a moment to fully appreciate and maximize your business's true potential. #SmallBusinessWeek #SmallBusinessValuation #BusinessWorth #SuccessionPlanning

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🌵In #Arizona, REDW ranks among the top 10 accounting firms in the state’s biggest and most comprehensive business opinion poll. 💭🤔🥳 Congrats to our #Phoenix office for steadily working to make positive impacts for our clients and Arizona communities. #RankingArizona is based purely on opinion and ranks companies based on how voters answer this simple question: with whom would you recommend doing business? #wordofmouth #REDW #IntegrityCounts

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Celebrate National Small Business Week! Operating a small business takes immense hard work and dedication. Have you considered its real value? Whether you're planning for succession or preparing to sell, understanding your business’s worth is crucial. This week, as we honor the resilience, community spirit, and innovation of small businesses, take a moment to fully appreciate and maximize your business's true potential. #SmallBusinessWeek #SmallBusinessValuation #BusinessWorth #SuccessionPlanning

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Watch out for tax scams this time of year! Remember, the IRS primarily contacts you by regular mail, never email, text, or social media. Always be mindful when sharing personal and financial information. #TaxScams #Phishing #IRS

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Don't miss the most impactful annual gathering of middle-market M&A professionals! Join Eide Bailly's transaction advisory team at DealMAX 2024. Register today to position your business for success in the current market! 👉 #DealMAX24 #Dealmaking #MiddleMarket

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Contractors often struggle with visibility and performance measurement throughout a project’s life cycle, leading to budget overruns and schedule delays. However, integrating mobile technology into construction management is changing the game. Advanced software solutions now provide real-time data and insights directly from the field, allowing contractors to spot risks and address issues proactively, enhancing project monitoring, and enabling immediate adjustments, preventing potential problems from escalating and improving overall project efficiency. #ConstructionTech #ProjectManagement #ConstructionIndustry

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The Office of Management and Budget has proposed revisions to the Uniform Guidance standards. Keep an eye on these developments and reach out to Eide Bailly for expert guidance on how to adapt to these changes seamlessly. #UniformGuidance #OMB

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A new regulation by the Federal Trade Commission (FTC) will soon ban noncompete clauses nationwide, marking a significant shift with the potential to transform the job market landscape. As business owners navigate these changes, it is crucial to stay informed and proactively adjust strategies to comply with the new regulation. #NoncompeteBan #FTCRegulation #JobMarket

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The U.S. Treasury Department has released the "Green Book," a detailed 256-page document that provides an in-depth look at the Biden Administration's tax proposals for the Fiscal Year 2025. Notably, it includes a fresh proposal aimed at redefining the eligibility criteria for small insurance companies opting for the 831(b) election (microcaptives), effective from 2025. This adjustment could significantly impact the taxability of these entities, shaping the tax landscape for years to come. #Microcaptives #GreenBook #TaxPolicy

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🗝️ A successful IRS audit starts with solid strategy to make sure you're prepared for challenges ahead. 📄 Proper documentation is your first key to success. 🔓 Want to unlock the other two? https://ow.ly/nhZW50Ssl7i

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In April 2024, the Governmental Accounting Standards Board (GASB) finalized upgrades to Statement No. 34, which shapes the financial reporting model for state and local governments. This update, encapsulated in Statement No. 103, Financial Reporting Model Improvements, enhances provisions in existing standards to increase transparency and utility in financial reports. A decade in development, these changes address feedback from stakeholders, aiming to provide more useful information and solve issues faced by governments and auditors. #GASB #GovernmentAccounting #FinancialReporting

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