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...

Owe the IRS? A Quick Guide on Navigating Back Taxes

Sep 12, 2018 | Tax

So you look through your mail and find a letter from the Internal Revenue Service. When you open it, you find a bill for a six figure sum in back taxes, penalties and interest. What do you do now? Step One When you receive an unwanted letter from the IRS, try not to...

Fact Vs Fiction: Tax Reform Impact on Small Businesses

Sep 10, 2018 | News & Events

Still wondering how the Tax Cuts and Job Act impacts you? McConnell & Jones tax practice has the information you need regarding significant changes for businesses and individuals. Tax partner, Tene Thomas, shares her informative presentation that covers several...