Audit and Assurance Articles
Posted by Christopher Lukowski on September 10, 2021
If your business is victimized by theft, embezzlement, or internal fraud, you may be able to claim a tax deduction for the loss. But there are requirements that must be followed as one U.S. Tax Court decision illustrates.
Posted by Douglas Muth on August 31, 2021
If you own or operate a business, you may not know that the IRS has “Audit Techniques Guides” for certain industries and tax issues. IRS examiners use them to prepare for audits and you can read them too. Here’s how.
Posted by Mary Young on August 31, 2021
How seriously does your nonprofit take fraud threats? Some organizations do relatively little to protect assets, leaving control gaps that thieves can slip through. We explain why this is a dangerous strategy.
Posted by Douglas Muth on August 03, 2021
Financial statements tell a story about financial performance. Managers and other stakeholders who read them from cover to cover have a clear, holistic understanding of the details.
Posted by Cathleen Karpik on July 19, 2021
Distinctions between taxable advertising and nontaxable sponsorships can be nuanced. Before seeking new income sources, figure out if they’re potentially subject to unrelated business income tax.
Posted by Michael Grimaldi on June 21, 2021
Different companies have different financial reporting needs. Is your current accounting method a good fit, or is it time for a change?
Posted by Jill Johnson on June 17, 2021
The U.S. Department of Health and Human Services has published updated reporting guidance related to Provider Relief Fund (PRF) awards.