Fraud risk assessment: What auditors watch for
Why do external auditors ask so many probing questions about fraud? They’re not just nosy. It’s a critical part of the audit process.
Enhance financial reporting by forging a partnership between internal and external auditors
Attention, internal auditors: Let’s make a New Year’s resolution to work together more effectively in 2025.
Balancing the books: Regular bank reconciliations are essential for a successful business
Bank reconciliations are your company’s first line of defense against financial errors, fraud and cash flow surprises. Plus, with accounting software handling much of the heavy lifting, the process is simpler than ever before.
Companies can shine a light on financial uncertainty with flash reports
Business owners: Do you often feel like you’re steering a ship through the dark when it comes to your company’s financial performance? Flash reports may help.
Appeals Court Overturns Injunction; BOI Filing Required with Short Extension
We have an important update related to the reinstatement of the BOI Filing requirement. As most of you are likely aware, on December 3, an order was issued granting a nationwide injunction delaying the January 1, 2025 deadline for BOI filings. On December 23, the injunction was overturned—as a result, all applicable reporting companies are required to file BOI with FinCen by January 13, 2025.
The contractor’s role in life-cycle cost analysis
Construction business owners: Have you ever encountered life-cycle cost analysis? Many project owners, especially in the commercial and infrastructure sectors, are engaging in this practice. Here’s what you need to know.
Nonprofit start-ups: Form 1023 or 1023-EZ?
New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide.
Embrace the future: Sales forecasting for businesses
Business owners: Is your company adept at sales forecasting? It really needs to be. Here’s an overview of this mission-critical process.
Businesses need to stay on top of their BYOD policies
Business owners: If your company’s employees use their personal devices for work, be sure you have a current BYOD policy in place.
What are retained earnings — and why do they matter?
Business owners tend to overlook retained earnings on their balance sheets. However, they’re often on external stakeholders’ radar. Here’s a quick overview.
Exit strategy: ESOPs for construction companies
Construction business owners: Are you looking for help strategizing your succession and choosing a viable employer-sponsored retirement plan? Check out an ESOP.
ESOPs can help business owners with succession planning
Business owners: Have you ever considered implementing an employee stock ownership plan (ESOP)? Along with serving as a retirement vehicle, an ESOP can help you with succession planning