News
Exempt Organizations and Key Employees
Our clientele includes a multitude of tax exempt clients. We do their audits and tax work and one of the often asked questions is the definition of a key employee. Who is and who isn’t? The exempt organizations
Small Business Tax Benefit
Are you tired of giving your kids allowance for little to no housework? Need a way to lower taxes on your business? Fortunately, Congress put has a law in place that benefits the small business owner that will
Will the IRS agree that your S Corp owner wages are reasonable?
Over the past five years, S Corporation compensation has become a key issue with the IRS. So much so that with the discussion of comprehensive tax reform, the IRS is considering making S Corporation profits
Lottery Winners Can Be BIG Losers!
Occasionally we encounter clients that hit it big at the casino, win the lottery or perhaps even a sweepstakes. Often times, in their excitement of winning, they begin spending their fortune on items they normally
Engagements to prepare financial statements under SSARS No. 21
In the coming year organizations and individuals will have an opportunity to engage their public accountant to prepare financial statements without an accountant’s report being issued with those financial
Board Governance - The Future is Now
The Future Is Now: Board Governance The second decade of the 21st century begins on the heels of the first decade marked with significant failures in public and private enterprises. Many of these failures are