Even if you’ve implemented solid internal controls, occupational fraud can strike your nonprofit. But a fraud emergency plan can help reassure stakeholders and get your organization back up and running.
For construction businesses, the cost of insurance can be high but the cost of going without it can be so much worse. Let’s review some important types of coverage.
Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal.
Many business owners believe no one on their leadership team would ever steal or cheat. Yet executive fraud costs companies hundreds of thousands of dollars annually.
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.
In Bittner v. U.S., the U.S. Supreme Court ruled that the penalty for non-willingly failing to file an FBAR applied on a lower per-report basis, not on a per-account basis.
Construction companies can’t afford to make mistakes on job sites, and they shouldn’t make them in their books either. Here are 11 tips for avoiding accounting errors.
Many businesses today are short-staffed, making overtime a distinct possibility. A recent U.S. Supreme Court decision serves as a reminder that the overtime rules aren’t always easy to follow.
Is your nonprofit a publicly supported charity? Are you sure? Two IRS public support tests can help you determine, and prove, your status. Learn more about them:
There are several reasons why your nonprofit’s Accounting and Development staffers may be at odds. You need to get to the bottom of the conflict to prevent onerous repercussions.
With Republicans now in control of the U.S. House of Representatives, what’s the fate of prospective tax legislation in 2023?
Is your business ready to implement these upcoming accounting rule changes?