Why revenue matters in an audit
For many companies, revenue is one of the largest financial statement accounts. It’s also highly susceptible to financial misstatement. When it comes to revenue,...
28 November, 2018
Blog
4 steps to auditing AP
At most companies, the accounts payable (AP) department handles an enormous volume of transactions. So, the AP ledger may be prone to errors...
28 November, 2018
When holiday gifts and parties are deductible or taxable
The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting...
28 November, 2018
Does prepaying property taxes make sense anymore?
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective...
28 November, 2018
Catch-up retirement plan contributions can be particularly advantageous post-TCJA
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or...
26 November, 2018
Unleash the power of a nonspringing power of attorney
Estate planning typically focuses on what happens to your children and your assets when you die. But it’s equally important to have a...
26 November, 2018
A fresh look at percentage of completion accounting
How do you report revenue and expenses from long-term contracts? Some companies that were required to use the percentage of completion method (PCM)...
20 November, 2018
Tax reform expands availability of cash accounting
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal...
20 November, 2018
Review and revise your estate plan to reflect life changes during the past year
Your estate plan shouldn’t be a static document. It needs to change as your life changes. Year end is the perfect time to...
20 November, 2018
It’s not too late: You can still set up a retirement plan for 2018
If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up...
19 November, 2018