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Thompson Greenspon Wins ClearlyRated’s 2022 Best of Accounting Award for Service Excellence

Thompson Greenspon is pleased to announce that we have won the Best of Accounting® Award for providing superior service to our clients.  ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients.  On average, clients of 2022 Best of Accounting winners are…

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The Washington Post Names Thompson Greenspon a 2022 TOP Washington-area WORKPLACE

Thompson Greenspon has been named one of The Washington Post’s 2022 Top Workplaces in the Washington, D.C. area. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner Energage, LLC, which measured several aspects of workplace culture, including alignment, execution, and connection. “The Post’s Top Workplaces list is…

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House Passes Bill to Provide Coronavirus Relief; Senate Expected to Act This Week

Several arms of the federal government have taken, or are weighing, significant steps to help the country deal with the spread of the coronavirus (COVID-19) and the implications for individuals and businesses. On March 14, the U.S. House of Representatives overwhelmingly passed a bipartisan 110-page bill that has received support from President Trump and, as…

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best of accounting award winner

Thompson Greenspon Earns 2019 Best of Accounting ™ Award for Client Service Excellence

FAIRFAX, VIRGINIA – OCTOBER 17, 2019 – Thompson Greenspon, a leading accounting firm, announced today that they have won ClearlyRated’s Best of Accounting™ Award for providing superior service. Best of Accounting Award winners have proven themselves as industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of 2019…

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FASB simplifies merger accounting for nonprofits

FASB Simplifies Merger Accounting for Nonprofits

The Financial Accounting Standards Board (FASB) recently issued guidance that should ease the financial reporting burden on nonprofits that enter “business combinations,” such as mergers and acquisitions. The title of the guidance is a mouthful, but it probably tells you everything you need to know: Accounting Standards Update (ASU) No. 2019-06, Intangibles — Goodwill and…

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construction indirect costs

Would You Recognize an Indirect Cost if You Saw One?

Indirect costs can have a substantial impact on a construction company’s financial picture and bottom line. But they’re not always the easiest things to “see.” Let’s zoom in to bring indirect costs better into focus. Viewing the numbers It helps to first define project costs in general. The Financial Accounting Standards Board recommends that construction…

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a hand signing a contract

Time and Materials Contracts: Improper Labor Classification is Risky

Improper labor category classification under U.S. government time and materials (T&M) contracts can result in cost disallowance, investigation, fines — and even jail time.

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