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

Get Equity? A Basic Guide to Having Equity in Your Company

There are many reasons why a person may choose to work at one company over another. From casual dress codes, unlimited vacation days, and remote work opportunities, today’s job perks certainly run the gamut. But one employee incentive undoubtedly takes [...]

By |2019-11-01T16:54:28-04:00November 1st, 2019|Categories: Audit, Blog|0 Comments

Understanding Occupational Fraud in Construction Companies…and How to Prevent it

When most people think of fraud, things like email viruses, phone scams, and stolen credit card information come to mind. While most businesses have implemented safeguards to prevent and detect these external threats, many business owners overlook the potential for [...]

By |2019-11-01T16:30:04-04:00November 1st, 2019|Categories: Audit, Blog, Justin Scripps|0 Comments

Internal Audit 2.0: Paperless and Continuous Auditing Trends

Technology is altering the traditional approach to internal audits. Instead of reviewing reams of paperwork, today’s auditor is learning to use electronic records. In turn, going paperless facilitates a concept known as “continuous auditing,” where internal auditors continually gather [...]

By |2019-10-17T12:38:32-04:00October 7th, 2019|Categories: Audit, Blog, Tax|0 Comments

The Chances of an IRS Audit Are Low, But Business Owners Should Be Prepared

Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the IRS audited approximately 0.6% of individuals. Businesses, large corporations [...]

By |2019-10-16T16:33:35-04:00October 2nd, 2019|Categories: Audit, Blog, Small Business Services|0 Comments

5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment

Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the [...]

By |2019-10-16T16:47:09-04:00September 16th, 2019|Categories: Audit, Blog, Small Business Services, Tax|Tags: , , , |0 Comments

Auditing Grant Compliance

Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant recipients should know to help facilitate matters and ensure compliance at all [...]

By |2019-10-16T17:15:02-04:00September 6th, 2019|Categories: Audit, Blog, Small Business Services|0 Comments

What to Expect During a Franchise Audit

It’s important for franchisors to periodically audit individual franchisees. These routine “check-ups” are especially valuable in a store’s early years of operations or if performance starts to deteriorate. They can be used to detect symptoms of unhealthy performance and [...]

By |2019-10-16T17:29:47-04:00August 19th, 2019|Categories: Audit, Blog|Tags: |0 Comments

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 |2019-10-17T12:32:02-04:00July 22nd, 2019|Categories: Audit, Blog|Tags: |0 Comments