5 common sources of substantive audit evidence
Do you understand how auditors verify account balances and transactions? This knowledge can minimize disruptions when the audit team visits
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Jan 12, 2018
Got multiple locations? Expect auditors to keep a close eye on inventory
Do you remember the high-profile fraud that happened at drugstore chain Phar-Mor in the 1990s? Executives manipulated the company's financial
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Jan 2, 2018
Make budgeting part of your New Year's resolution
It's important to resist the temptation to rely on gut instinct or take shortcuts when budgeting for 2018. Creating a
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Jan 2, 2018
Most individual tax rates go down under the TCJA
The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual
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Jan 2, 2018
Tax Cuts and Jobs Act: Key provisions affecting corporations and individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years, and according
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Jan 2, 2018
7 last-minute tax-saving tips
The year is quickly drawing to a close, but there's still time to take steps to reduce your 2017 tax
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Dec 20, 2017
401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for
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Dec 20, 2017
How to conduct a year-end risk assessment
Auditors assess their clients' risk factors when planning for next year's financial statement audit. Likewise, proactive managers assess risks at
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Dec 20, 2017
What you need to know about year-end charitable giving in 2017
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete
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Dec 19, 2017
The ins and outs of tax on "income investments"
Many investors, especially more risk-averse ones, hold much of their portfolios in "income investments"
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Nov 20, 2017
4 questions to guide your prospective financial statements
CPAs don't just offer assurance services on historical financial results. They can also prepare prospective financial statements that predict how
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Nov 20, 2017