Archive for Alerts & Advisories Category

Accounting & Audit Alert- Strong internal controls help reduce restatements

A recent study has found that fewer public companies are reissuing financial statements due to errors or omissions, in large part due to stronger internal controls. Want to upgrade your controls and reduce your risk

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Posted In: Alerts & Advisories

Tax Alert- Investors: Beware of the wash sale rule

A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How effectively do you manage risk?

Businesses can’t eliminate risk, but they can manage it to maximize the entity’s economic return. A new framework aims to help business owners and managers more effectively integrate enterprise risk management (ERM) practices into their

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Posted In: Alerts & Advisories

Tax Alert- Why you should boost your 401(k) contribution rate between now and year end

One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step.

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Posted In: Alerts & Advisories

Accounting & Audit Alert-Putting hedging strategies to work for your business

The Financial Accounting Standards Board (FASB) recently issued some targeted improvements to its guidance that could encourage more companies to engage in hedging arrangements to minimize volatility in their financial statements. Here’s a close-up on

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Tax Alert- 2017 Q4 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply

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What You Need To Know About The Equifax Data Breach

Cyber criminals have stolen 143 million credit records in the recent hacking scandal at Equifax, one of the big-three credit bureaus.  We advise that you watch out for the following items: Phishing emails that claim

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Posted In: Alerts & Advisories, News

Accounting & Audit Alert- GAAP vs. tax-basis reporting: Choosing the right model for your business

Virtually every business must file a tax return. So, some private companies issue tax-basis financial statements, rather than statements that comply with U.S. Generally Accepted Accounting Principles (GAAP). But doing so could result in significant

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Posted In: Alerts & Advisories

August 2017 Nonprofit Newsletter

This month’s newsletter includes the following topics: Donor Advised Funds: Can They Be Leveraged to Benefit Your Charity? 8 tips to determine your nonprofit’s year-end Tips from a not-for-profit standard early adopter Read the entire newsletter here. 

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Posted In: Alerts & Advisories, Resources

Tax Alert- Watch out for potential tax pitfalls of donating real estate to charity

Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering a large gift, a noncash donation such as appreciated real estate

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Posted In: Alerts & Advisories