S E R V I C E S 

Financial Reporting

Throughout the life of a business enterprise, most business owners will find themselves in need of accurate financial reporting.

BSB assesses your current needs and determines what level of financial reporting will best serve your business.

financial reporting to meet your needs

Analyzing financial statements  is an important tool for business owners to use in making sound business decisions.

Financial statements can be used to monitor changes in the company’s finances from one time period to the next, identify financial strengths and weaknesses, and identify opportunities to make improvements for greater business successes.

Sometimes providing financial statements to outside parties is necessary to help recruit investors or obtain financing.

Our team has the knowledge and experience to help you achieve your business and financial goals.

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Latest Tax Changes from Virginia Department of Taxation’s September Special Session

| TAX | No Comments
The Virginia Department of Taxation recently released their updated 2023 Legislative Summary, which details the state and local tax legislation enacted during the 2023 Special Session held on September 6,…

Virginia Switches to Rolling Conformity Beginning With Tax Year 2023

| TAX | No Comments
On April 12, following a special one-day reconvene session of the Virginia General Assembly, Gov. Glenn Youngkin signed S.B. 1405 to change Virginia’s method of conformity with the Internal Revenue…

Six Important Financial and Compliance Considerations for For-Profit Federal Grant Recipients

The federal government recently passed the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), setting the stage for historic investments in infrastructure and clean energy. As…

The Great Resignation, Talent Shortages, Inflation, Recession … Maybe Bonuses Can Help

| NONPROFIT | No Comments
It will come as no surprise that bonuses (includes all forms of variable pay for purposes of this discussion) are far more prevalent in the for-profit than the nonprofit sector. …