July 19, 2016
When you maintain the status quo at your firm long enough to become detrimental to your success, the result isn’t typically an obvious or immediate catastrophe waiting to strike at some ill-timed moment—as when you neglect routine maintenance on your ...
July 12, 2016
With the 2016 “audit season” in full swing, there’s a strong likelihood that one or more of your clients has already received ─ or soon will receive ─ an audit, notice, or other type of tax-related correspondence. From information mismatch notices, to ...
June 3, 2016
The new product works in conjunction with Thomson Reuters Checkpoint Tools, including PPC’s Practice Aids for Single Audits, Audits of Nonprofit Organizations, Audits of Local Governments, Audits of School Districts, and Housing and Urban Development (HUD
May 11, 2016
Some 73 percent of controllers say that a technology-driven financial reporting audit helps them assess comparative company performance in their industry. Additionally, more than one-third of respondents say a technology-driven audit improves speed ...
May 3, 2016
The online clearinghouse was developed jointly by CPA.com and Confirmation.com, a company that offers a market-leading solution for electronic audit confirmations and is well known in both the accounting profession and the banking industry.
April 6, 2016
Pop star Iggy Azalea has not been getting a lot of good news in the audit area lately. Not only did her Twitter Audit score land at 93 percent – meaning that only 7 percent of her followers are actually real people – but the IRS determined that she owes n
February 26, 2016
The year started off with a bang as we cruised the aisles at the annual consumer electronics show in Las Vegas with 170,000 other technology adventurists. CES is the largest consumer electronics show in the world where the latest gadgets are launched ...
January 25, 2016
The rapid growth of data housed in the cloud, combined with highly publicized security breaches at major retailers, government agencies, and other vendors, has increased awareness of the importance of data controls.
January 12, 2016
It's no surprise that the pace of technological change has clearly increased dramatically, and recent developments impact nearly every aspect of the way we live our lives. Given the broad scope, maybe I shouldn’t be surprised at how pronounced the ...
January 12, 2016
Audits don’t have to be priced on a fixed basis. You can quote a fee range and state conditions that will result in additional fees such as extra work requested by client, client doesn’t deliver data and documents as requested and unforeseen ...
December 15, 2015
There is one tax saving approach we can always assist our clients with, and that is educating them about tax penalties. What follows is a list of the most punitive tax penalties along with simple tips on making sure your clients are never ...
November 22, 2015
TIGTA found that the IRS has taken a number of actions to help to ensure tax compliance of high-income taxpayers. The IRS adopted a High-Income and High-Wealth strategy to audit more tax returns related to these individuals. The resulting audit ...