Audit

What are the Responsibilities of an Audit Committee?

Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors and markets with high-quality, reliable financial information. Recent SEC statement Under Securities and Exchange Commission (SEC) regulations, all public companies [...]

By |2020-01-22T19:11:51-05:00January 22nd, 2020|Categories: Audit, Blog|0 Comments

Overview of Provisions of the SECURE Act Affecting Plan Sponsors

Congress recently passed-and the President signed into law-the SECURE Act, landmark legislation that affects the rules for creating and maintaining employer-provided retirement plans. Whether you currently offer your employees a retirement plan (or are planning to do so), you should [...]

By |2020-01-17T22:00:59-05:00January 17th, 2020|Categories: Audit, Blog|Tags: , |0 Comments

New Law Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the [...]

By |2020-01-06T16:22:55-05:00January 6th, 2020|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Employee Benefit Plans: Do you Need a Form 5500 Audit?

Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA examines the plan’s financial statements and schedules to ensure they’re presented fairly and in conformity with [...]

By |2020-01-03T17:53:00-05:00January 3rd, 2020|Categories: Audit, Blog|Tags: , , |0 Comments

New Law Provides a Variety of Tax Breaks to Businesses and Employers

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law [...]

By |2020-01-03T17:45:46-05:00January 3rd, 2020|Categories: Audit, Blog, Tax|Tags: , , , |0 Comments

Year-End Accounting Recap

The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in 2019. But there have been some important developments to be aware of when preparing annual financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Deferral of [...]

By |2019-12-27T13:03:03-05:00December 27th, 2019|Categories: Audit, Blog, GAAP, Tax|Tags: , , , |0 Comments

Risk Assessment: A Critical Part of the Audit Process

Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to prepare — and how you can help facilitate the audit planning process. The big picture Every audit starts with [...]

By |2019-12-18T18:31:36-05:00December 18th, 2019|Categories: Audit, Blog|Tags: , , |0 Comments

2020 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us [...]

By |2019-12-11T18:54:26-05:00December 11th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , |0 Comments

Close-Up on Pushdown Accounting for M&As

Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day. If you’re currently in the market to merge with or buy a business, you might not be aware of updated financial reporting guidance that took effect [...]

By |2019-11-18T15:17:58-05:00November 18th, 2019|Categories: Audit, Blog|Tags: , , , |0 Comments

How to Keep Track of Small Tools and Equipment

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many companies. The cost of lost, damaged and stolen items can [...]

By |2019-11-13T13:44:39-05:00November 13th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , , , |0 Comments