Everyone is an Owner: The Reclassification of Businesses

Nov 12, 2018 | Tax

Some experts are predicting that the recent tax legislation will create a ton of new business creation and activity – just not the kind that lawmakers originally intended. These people are predicting a surge in efforts for reclassification and the organization of...

Tightening Controls for Federal Awards

Oct 1, 2018 | Audit, Nonprofit

Understanding the Requirements for Internal Control over Compliance of Federal Awards Internal control is a process effected by an entity’s oversight body, management, and other personnel that provides reasonable assurance that the objectives of an entity will be...

Save or Shred: Tax Record Retention Guidelines

Sep 17, 2018 | Tax

When deciding on a firm’s record retention procedures, it would be wise to consult federal and IRS regulations and state and local government record retention requirements. The IRS generally must assess additional tax within three years after the due date on a return....

Top 9 Tax Mistakes That Cost You Money

Sep 14, 2018 | Tax

With the arrival of 1099s and W-2s from your employer, banks and others, it’s time to get down to the business of filing your income tax return. While technology is a great way to file your taxes, mistakes still happen. The top nine tax mistakes that cost you money...