Services to CPAs
The Partners' Network
Do you know about The Partners' Network? It is a program organized by WS+B partner Edward Mendlowitz, CPA, intended to support smaller accounting practices in areas where they need help or do not perform services. Members are welcome and encouraged to call us with any issues and questions they have where we might be able to assist them. This includes managing their practices and succession planning as well as accounting, auditing, specialized tax services, business valuation, and forensic accounting. We also assist in niche areas where we are particularly strong such as construction contractors, manufacturers, health care organizations, real estate developers, and financial services including hedge funds, broker dealers and public companies.
Partners' Network Newsletter
little GAAP IS ALMOST HERE
For the last several years, it has been much debated whether there should be a LITTLE GAAP for the smaller privately held businesses. The Financial Accounting Standards Board (FASB) issues accounting pronouncements (GAAP) that all companies must follow. The FASB is funded by publicly held companies, and thus the focus is on ensuring the 17,000 or so publicly held companies report their financial statements in the same fashion. Unfortunately, some of these pronouncements are overkill for the smaller privately held businesses.