Businesses Can Utilize the Same Information IRS Auditors Use To Examine Tax Returns

The IRS uses Audit Techniques Guides (ATGs) to help IRS examiners get ready for audits. Your business can use the same guides to gain insight into what the IRS is looking for in terms of compliance with tax laws [...]

By |2019-07-22T15:41:42-04:00July 22nd, 2019|Categories: Audit, Blog|Tags: |0 Comments

M&A Transactions: Avoid Surprises From The IRS

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report the transaction to the IRS in the same way. Otherwise, you may increase your [...]

By |2019-07-15T18:24:59-04:00July 15th, 2019|Categories: Audit, Blog|0 Comments

How Auditors Use Non-Financial Information

Every financial transaction your company records generates nonfinancial data that doesn’t have a dollar value assigned to it. Though auditors may spend most of their time analyzing financial records, nonfinancial data can also help them analyze your business from multiple [...]

By |2019-06-17T12:27:23-04:00June 17th, 2019|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

AUP Engagements: A Middle Ground Between Audits and Consulting Services

Your CPA offers a wide menu of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to U.S. Generally Accepted Accounting Principles (GAAP). Consulting services, in contrast, [...]

By |2019-06-17T12:05:58-04:00June 17th, 2019|Categories: Audit, Blog, Consulting, Small Business Services, Tax|Tags: , |0 Comments

Consider a Roth 401(k) Plan — And Make Sure Employees Use It

Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan Sponsor Council of America (PSCA) found that Roth 401(k)s are now available at 70% [...]

By |2019-05-13T12:40:32-04:00May 13th, 2019|Categories: Audit, Blog, Tax|0 Comments

Lean Manufacturers: Reap the Benefits of Lean Accounting

Standard cost accounting doesn’t necessarily work for lean operations. Instead, lean accounting offers a simplified reporting alternative that generates more timely, relevant financial data. But it’s not right for every situation. What’s lean manufacturing? Lean manufacturers strive for continuous [...]

By |2019-05-03T14:53:08-04:00May 3rd, 2019|Categories: Audit, Blog, Tax, Uncategorized|0 Comments

Employee vs. Independent Contractor: How Should You Handle Worker Classification?

Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply [...]

By |2019-04-29T16:27:33-04:00April 29th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , |0 Comments

Close-Up on Professional Standards for CPA

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession. Why do these standards matter to you? [...]

By |2019-04-26T14:23:08-04:00April 26th, 2019|Categories: Audit, Blog, Small Business Services, Tax|0 Comments

Auditing Accounting Estimates and the Use of Specialists

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work of specialists. Though the new, more consistent guidance would apply specifically to public companies, the effects [...]

By |2019-04-05T13:19:33-04:00April 5th, 2019|Categories: Audit, Blog, Tax|0 Comments

There’s Still Time for Small Business Owners to Set Up a SEP Retirement Plan for Last Year

If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you [...]

By |2019-03-23T19:21:15-04:00March 11th, 2019|Categories: Audit, Blog, Tax, Uncategorized|Tags: |0 Comments