Casinos
Our team of accounting professionals has skills and knowledge specific to casinos and the gaming industry. We serve our clients with comprehensive services as outlined below:
Outsourced Internal Audit
Our extensive experience in the gaming industry, including tribal gaming operations, as well as our background in providing client audit services, positions our firm to deliver efficient and effective analyses of the functionality of the all-important control environment within a gaming operation. We have developed an understanding of the design and implementation of a sound internal control structure, compliant with applicable regulatory requirements, based on assistance provided to various entities in their start-up phase where we have assisted with the system submission to the regulatory authority. This understanding has been further developed during the assessment of the effectiveness of those systems gathered during internal audits of gaming operations.
Income Tax Provision Calculations
We have assisted the accounting department in their preparation for the annual financial statement audit performed by external auditors. We have found this element of the year-end audit to be one which the in-house accounting department may not possess the requisite experience and understanding necessary to prepare the income tax provision. Our services augment the accounting department, eliminating the need to bring on additional staff, as well as addressing the need to address the conflict of interest concerns as regulated by Sarbanes Oxley which preclude external auditors from preparing the income tax provision analysis.
Consulting and Agreed-upon Procedures
Our firm’s breadth and depth of business experience provide us with the ability and tools to approach your gaming operation with the trained eye of an objective observer. Whether these services include revenue enhancement/expense reduction analytics, cash flow analyses, or due diligence engagements, our passionate and professional approach to your business concerns lead us to seek solutions that will address your operating issues.
Industry Insights
The IRS is a Hot Mess
Last month, the National Taxpayer Advocate’s office released a grim report on the conditions at the IRS. If you have tried to reach the IRS via phone during the last year, you know full well how difficult it is to reach someone. Well, we now have statistics to back...
NJ to Employers – Mind Your ABCs or Else
“Draconian and just not fair”. That’s how some of the laws passed this summer by the New Jersey Legislature have been described. In an effort to put additional teeth into the enforcement of employee classification rules, New Jersey has passed legislation that will...
Client Spotlight – Collins Iron Works / Dennisville Fence
There are few multigenerational business owners that have experienced the success and growth as have the Collinses from Collins Iron Works / Dennisville Fence and that can also pride themselves on all three generations having served for our country. After serving in...
New Jersey Secure Choice Savings Program Act
In an effort to ensure more New Jersey private sector workers are able to contribute to a retirement fund, Governor Phil Murphy signed into law the “New Jersey Secure Choice Savings Program Act” on March 19, 2019. The program initially was to go into effect March 28,...
Incentives for New Jersey Employers and Workers
Incentives for New Jersey Employers and Workers - Fingers Crossed In September, New Jersey announced a new program called the Return and Earn Incentive Program that is targeted to New Jersey Employers who hire the unemployed and train them to acquire new skills. For...
Key Performance Indicators for a Medical or Dental Practice
Have you ever invested in a stock in the stock market? To protect and maximize the return on that investment, you would research that particular stock. This might include trend analysis, benchmarking, and performance monitoring. Now, consider the relative size...