On July 31 Preseident Obama signed the short-term mass transit and highway funding extension bill into law, which continues to provide funding for transportation projects. Additionally, Congress included in the bill a number of changes to tax return due dates, tax extension lengths and statutes … [Read more...]
These Mistakes Could Lead To An IRS Audit
Tax season is here once again. Keep these common mistakes and pitfalls in mind when filing your tax return to avoid a visit from the Internal Revenue Service. Accurate Income Reporting The income reported on Form W-2 and Form 1099 needs to match the income reported on your return. Inaccurate … [Read more...]
Benefits of an Audit
The benefit of an audit is that it provides assurance that management has presented a "true and fair" view of a company's financial performance and position. An audit underpins the trust and obligation of stewardship between those who manage a company and those who own it or otherwise have a need … [Read more...]
Corporate Compliance That Makes Sense
It’s hard to keep up with compliance requirements when there are so many new regulations being added every day. Unless you have an internal auditor, how do you know if your company is following all the rules? Even if you have an internal auditor, without knowing all the regulations, your company can … [Read more...]
How Do You Know If You’re Getting a Quality Audit?
The American Institute of CPAs (AICPA) was founded in 1887 to represent the CPA profession nationally regarding rule-making and standard-setting. The AICPA holds a high level of professional standards for accountants, as well as a strict code of professional ethics, a licensing status and a … [Read more...]