Start off the new year right: Prepare your company’s prospective income statement, balance sheet and statement of cash flows.
The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little consolation if yours is one of them. Latest statistics Overall, just[ … ]
CariAnn J. Todd, CPA, is the Director of the Employee Benefit Plan Audit Group for BeachFleischman PC. She recently authored an article for the Journal of Pension Benefits that discusses how CPAs are addressing audit quality as well as some of the challenges in the process. Article Preview As a CPA, I am fortunate to[ … ]