Audit, Review or Compilation – Which is Appropriate?

Many who aren’t familiar with public accounting tend to lump all assurance services in with the term “audit”. However, engaging an “auditor” doesn’t mean that an audit is necessary. While there are some similarities, financial statement review encompasses three distinct services – audit, review and compilation – with varying degrees of assurance, time involved and cost of service.

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2017 Pennsylvania Tax Amnesty Program

Over the last few years, state Departments of Revenue have stepped up enforcement of state and local tax collection. Enforcement efforts have focused on companies and individuals (both inside and outside the state) that may have an unpaid tax liability.

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Retirement Plan Startup Tax Credit

Offering a retirement plan to employees can sometimes make the difference between getting that great hire on board and loosing them to a competitor. This can be especially potent motivation for small employers.

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De Minimis Safe Harbor Election – Frequently Asked Questions

One of the most popular parts that raises questions is the de minimis safe harbor election. Using this election, a taxpayer can apply the safe harbor on amounts paid to acquired or produced tangible property to the extent that such amounts are deducted for financial accounting purposes.

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Preventing Fraud in Nonprofits

Nonprofit organizations are designed to serve the community through the advancement of policies and programs that benefit the public. Whether they are focused on social services, religious, education or have other purposes, the bottom line is service.

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401(k) Safe Harbor Hardship Distribution Rules

Most 401(k) plans offer participants the opportunity to make safe harbor hardship distributions in dire circumstances. Unexpected expenses for medical, health or even funeral care may be covered by a hardship distribution assuming the proper criterion is met.

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401(k) Plan Compliance Checklist

Ensuring that the company’s 401(k) plan is operating per plan documents and IRS regulations is an essential task that should be undertaken at least annually.

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Foreign Tax Credit Essentials

It’s no secret that the Internal Revenue Service (IRS) has taken special interest in the tax treatment of foreign income earned by US residents and companies.

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Key Issues that Impact Company Value

There are many reasons that a business owner would want to know the value of their company. The need for a valuation can be situational or for the long-term transition of the company to a family member or other prospective buyer.

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Benchmark Your Construction Company

Comparative Analysis – it’s a natural human instinct that many have been doing since childhood. For companies this is an especially important exercise. Commonly known as benchmarking, it provides management with insight about how the company is performing against peers

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