Internal control questionnaires: How to see the complete picture
July 19, 2021
Internal controls are critical in today’s risky business world. Here’s how auditors can help themselves (and your management team) get a better handle on your company’s control system.
Employers should use online portal to fix SSN errors
July 17, 2021
Employers: The Social Security Administration recently made an important announcement about how you should catch and fix employee name and Social Security number errors.
Who in a small business can be hit with the “Trust Fund Recovery Penalty?”
July 14, 2021
The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally if employment taxes aren’t paid to the government. Find out if you could be liable.
Is your company ready for agile auditing?
July 12, 2021
The traditional approach to internal audits may be too rigid for the needs of modern businesses. Here’s a more flexible approach that’s growing in popularity.
IRS audits may be increasing, so be prepared
July 6, 2021
An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
Auditing WIP
July 2, 2021
Accounting estimates attract special attention from auditors. Work in progress is a common example of an account that’s based on management’s estimates. Here’s a closer look.
