Preparing your business or organization for an audit can be a daunting task, but with the right strategies in place, you can ensure that your audit goes smoothly and successfully. In this post, we’ll discuss how to prepare for an audit so you can be confident in your financial reporting and compliance. The first step […]

QuickBooks is a popular tool for many small and mid-sized business owners.  Although it may be one of the top accounting management products on the market today, there are both pros and cons associated with using QuickBooks, so it’s important to research this software before making a decision for your business. QuickBooks is a comprehensive

In December of 2022, Congress passed the Consolidated Appropriations Act of 2023 (HR 2617), which includes more than 90 provisions that impact IRAs and retirement plans sponsored by employees. These provisions are collectively referred to as SECURE 2.0. In this blog post, we will specifically discuss catch-up contributions and how this Act affects them.  Initially

As a business owner or manager, you may be aware of the importance of adhering to GAAP. While following this standard is an important practice, it can be difficult to understand for those without a strong accounting background. At SD Associates, P.C., our experienced professionals are well-versed in GAAP and can help you navigate and

A business’s bottom line is closely tied to the decisions it makes regarding debt. However, managing debt can be difficult for business owners who have limited experience or understanding in this area. As such, developing an effective strategy for debt management is essential to maintaining a healthy financial position and avoiding potential pitfalls. Here are

SD Associates, P.C. Focuses on Giving Back to the Community At the heart of SD Associates, P.C. are shareholders and team members who understand theimportance of giving back to the community in which they serve. In 2022 alone, between thecompany and its team members, over $15,500 has been raised and donated to variouscharitable organizations throughout

Elkins Park, PA, July 27, 2022 – SD Associates, P.C., a CPA and business advisory firm located in Elkins Park, PA, recently held their annual charity golf event, which successfully raised close to $50k for local charities. The event, held at Commonwealth National Golf Club in Horsham, PA on July 11th, had 108 players in