In 2019, the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board issued Statement on Auditing Standards (SAS) No. 136, which is effective for audits of financial statements for…
By Alex Smith, CPA Some taxpayers received letters from the White House in December 2021 or January 2022 telling them they may be eligible for an additional direct payment from…
By Alex Smith, CPA If you received unemployment compensation in 2021, you are not alone. It is estimated that over 20 million Americans collected unemployment compensation during 2021 and the…
By Alex Smith, CPA More tax changes that could affect you and your business are on the way. Over the last four years we have had a major overhaul of…
The Internal Revenue Service (IRS) published its cost-of-living adjustments for the 2022 tax year that will affect dollar limits for pension plans and other retirement-related taxes. For a detailed list…
The Employee Retirement Income Security Act of 1974 (“ERISA”) contains a requirement for annual audits of plan financial statements by an independent qualified public accountant. Determining if your plan is…
The Financial Accounting Standards Board (FASB) has issued new accounting standards for leases and created a new section in the Accounting Standards Codification (ASC) – 842 Leases. This new accounting…
By: Alex Smith, CPA On November 5th, Congress passed the $1 trillion Infrastructure Investment and Jobs Act, a key piece of the President’s agenda. So, what tax changes does the…
The IRS is reminding taxpayers about the upcoming deadline for 2020 taxes. However, certain classes of taxpayers will get even more time. Click through for the deadline and payment details for…
When looking for a quality, independent public accountant to perform an audit of your employee benefit plan, understanding your auditor’s experience and capability to provide a quality audit can be…
