April 2026

Robert C. Reeves

CPA, CFE

Audit Partner

Featured Article From Our Experts

Stay Compliant: Common GAAP Mistakes to Avoid and How to Catch Them Early

Organizations across industries rely on Generally Accepted Accounting Principles (GAAP) to produce accurate and consistent financial statements. However, applying these standards can be challenging amid complex transactions, evolving guidance and reporting pressures. When errors occur, they can lead to misstatements, compliance issues and diminished stakeholder trust. This article examines common GAAP pitfalls and why they arise, while also highlighting practical strategies to help organizations prevent errors and maintain reliable financial reporting. 

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What To Know if You Receive an IRS Notice

IRS notices are common and don’t necessarily indicate a problem. This article explains why the IRS sends notices, highlights the most common types and outlines practical steps to take if one arrives. With the right information and guidance, most IRS notices can be addressed quickly and easily. 

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The IRS Criteria for Distinguishing Hobbies From Businesses

If you earn income from a side activity, the IRS will consider it to be either a hobby or a business. The tax treatment can differ significantly. All income must be reported, but only businesses can deduct related expenses. Learn what factors the IRS considers when making the hobby vs. business determination. 

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Common Growth Mistakes Small Businesses Make

Growth can strengthen a small business, but without careful planning, it can create operational and financial strain. This article explores common growth mistakes and offers practical guidance for sustainable expansion. 

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Are Scholarships Taxable? 

Scholarships can significantly reduce the cost of higher education, but not all scholarship funds are tax-free. Understanding the rules can help families avoid unexpected tax liabilities.

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About Dannible & McKee, LLP

Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Known for our technical expertise and deep industry experience, we are committed to delivering high-quality service tailored to our clients' needs. Our firm is guided by core values that prioritize our clients' best interests, ensuring they receive the strategic insights and support needed to navigate financial complexities with confidence. In a profession built on precision and trust, our greatest reward comes from the simplicity of helping good people prosper. By providing clarity in every financial decision, we contribute to their long-term success. That's the key to Delivering Confidence!

Learn more about Dannible & McKee at: www.dmcpas.com.