I’d like to start off this article by addressing a few of the conditions we as employees, owners, and citizens are experiencing in our daily lives and our employment situations, and how that relates to this article and the article published in our last newsletter. As...
Among the many far-reaching effects of the pandemic is the immediate effect it is having on financial statements and the way accountants need to audit them. The AICPA recently issued two Special Reports about these matters to help management and their accountants...
As many businesses have been affected negatively across the nation due to the effects of the Coronavirus, there are a number of payroll tax benefits resulting from the CARES Act that have become available to help employers during this difficult time. One option for...
As professionals, when our clients ask us this question as it relates to helping them design a “Compensation Plan” for their businesses, we recognize the sensitivity of the topic and before we can answer them, we understand there is a fact-finding mission that must be...
The Tax Cuts and Jobs Act (TCJA) made significant changes in the way an individual’s tax liability would be computed, from changing the tax rates to eliminating the deduction for dependents. Many taxpayers were surprised at the disconnect between their withholding for...
System and Organization Controls (SOC) are actually a suite of different service offerings CPAs provide in connection with either system-level controls of a service organization or entity-level controls of other organizations. SOC reports are designed to help Service...
