Have you followed up on the management letter from your audit team? Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual…
Need long-term care? Five possible tax aspects of a parent moving into a nursing home If you have a parent entering a nursing home, you may not be thinking about…
Get serious about your strategic planning meetings Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss…
There’s currently a “stepped-up basis” if you inherit property — but will it last? If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the…
Keeping remote sales sharp in the new normal The COVID-19 pandemic has dramatically affected the way people interact and do business. Even before the crisis, there was a trend toward…
Internal controls questionnaires: How to see the complete picture Businesses rely on internal controls to help ensure the accuracy and integrity of their financial statements. As well as prevent fraud,…
5 ways to take action on accounts receivable Collections? No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and…
Is your company ready for agile auditing? Agility — or the ability to react quickly — is essential to surviving and thriving in today’s competitive landscape. Though agile techniques were…
IRS extends administrative relief for 401(k) plans As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the…
Make Sure You Are Ready for an IRS Audit The IRS just released its audit statistics for the 2020 fiscal year. And fewer taxpayers had their returns examined as compared…