Annual Tradition: To Celebrate the 2023 Earney Olympics, Our Office Will Be Closed from 11AM - 5 PM on Friday, June 2nd Thank You!

UNCW Panel blog

UNCW event focuses on preventing and dealing with cyberattacks

Cyberattacks have grown exponentially in North Carolina and our nation over recent years and are currently in an exponential growth curve. Earney & Co...

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Newly Passed Hurricane Florence Relief and Extended Tax Provisions

As 2019 came to an end, Congress passed two bills, which were then signed into law by the President. The “Consolidated Appropriations Act, 2020&...

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Functional Expense

The IRS and the FASB (Financial Accounting Standards Board) require non-profit corporations to present an analysis of their expenses – by functi...

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Commitments and Contingencies

Financial statements provide a picture, a snapshot, of the state of your organization at one point in time – generally your fiscal year end &nda...

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Preparing for an Audit: Are You Ready?

From a business perspective, an audit can be seen as disruptive to the day-to-day operations. The delay in operations caused by an audit can be compou...

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QuickBooks Data Scam

It has come to our attention via the North Carolina CPA Board that a new potential method to defraud business owners of valuable information is making...

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2018 year-end year-round Tax Planning Guide

Year-end tax planning always has its share of complexity.

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PROTECTING YOUR BUSINESS

You work hard to build your business. Take the time to protect your investment. When we have discovered, or uncovered, cases of fraud, embezzlement, o...

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Internal Revenue Code Section 139: Disaster Relief – Employers Helping Employees

Hurricane Florence made landfall in North Carolina on September 14, 2018 as a Category 1 hurricane and brought with it a record amount of rainfall and...

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Individual, Small Business, and Self-Employed Disaster Assistance

The storm has passed and now the process of assessing the damage and rebuilding our homes, communities, and lives starts. It can be overwhelming figur...

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Our New Website!

Earney & Company, L.L.P. is excited to announce the recent launch of our firm’s new website. We’ve been working very hard to enha...

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Clarification for Accounting Changes

The Financial Accounting Standards Board (FASB) has provided guidance and clarification for their recent updates regarding Revenue Recognition. Correc...

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Changes Coming to Sales Tax on Internet Sales

It appears 2018 will be the year of tax law changes on many fronts. In December 2017, the new Tax Cut and Jobs Act was placed into effect for 2018 an...

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Accounting Changes For Not-for-Profit Entites

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-14, Not-for-Profit Entities (Topic 958), Presentation of F...

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Changes in Cash vs. Accrual Accounting: What’s Best for your Business?

Now that the 2017 tax season has officially ended, we can focus more attention on the Tax Cut and Jobs Act (“TCJA”) our government enacted...

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