8.21.19
What to Do If Your Business Receives a “No-Match” Letter
In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The purpose of these letters…
8.21.19
When the Early Bird Commits the Fraud, You Need to Catch It – Financial Statement Fraud
Early revenue recognition has long accounted for a substantial portion of financial statement fraud. By recording revenue early, a dishonest business seller or an employee…
8.19.19
Considering Outsourced Accounting for an NPO?
Nonprofit organizations operate under tight budgets, employing fewer staff members than for-profits. As a result, these employees juggle multiple responsibilities. Turning to an outsourced chief…
8.14.19
Are You Prepared for a Successful SOC Audit?
The SOC framework is complex and requires detailed scoping with policy and procedures documentation in order for a service organization to be successful. With so…
8.9.19
Ensuring That You Have an Adequate Retirement Plan
Planning for retirement can feel overwhelming, but with the right help, it doesn’t have to be. Physicians should meet with their accountants and financial advisors…
8.9.19
Difference Between a Medical Contractor and an Employee
Many doctors do not believe that there is a difference between employees and contractors, and unfortunately, these misconceptions can lead to long-term employment issues. Do…
8.8.19
The IRS Is Targeting Business Transactions in Bitcoin
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about how they work and…
8.8.19
Active vs. Passive Fraud Detection
When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive…
8.6.19
Construction and IT: Are You Up to Speed?
Consider the typical building — a small high-rise or large manufacturing plant. Several hundred companies need to work in unison — a general contractor, an…
8.6.19
Planning for the Net Investment Income Tax
Despite its name, the Tax Cuts and Jobs Act (TCJA) didn’t cut all types of taxes. It left several taxes unchanged, including the 3.8% tax…