Newsletters

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  • Offer plan loans? Be sure to set a reasonable interest rate March 22, 2017 Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and ...
  • FAQs about agreed upon procedures March 17, 2017 An agreed upon procedures (AUP) engagement uses procedures similar to an audit, but on a smaller and limited scale. Here’s how a customized AUP engagement differs from an audit and ...
  • Getting your money’s worth out of a company retreat March 16, 2017 Company retreats can cost enormous amounts of time and money. Are they worth it? Sometimes. Large-scale get-togethers can involve considerable out-of-pocket costs. And if the retreat is poorly planned or ...
  • Evaluating going concern issues March 10, 2017 Financial statements are generally prepared under the assumption that the business will remain a “going concern.” That is, it’s expected to continue to generate a positive return on its assets ...
  • Listen and trust: The power of collaborative management March 8, 2017 Many business owners are accustomed to running the whole show. But as your company grows, you’ll likely be better off sharing responsibility for major decisions. Whether you’ve recruited experienced managers ...
  • Ireland appeals Apple state aid decision March 7, 2017 The European Union’s Official Journal published Ireland’s appeal asking for an annulment of the European Commission’s decision that Ireland had granted unlawful state aid to technology company Apple Inc. Following an ...
  • IRS “campaigns” include foreign business targets March 7, 2017 The IRS Large Business and International (LB&I) division has released its widely anticipated new audit strategy known as “campaigns.” The LB&I is moving toward issue-based examinations. “This approach makes use of ...
  • IRS instructs auditors on issuing summons to foreign-owned businesses March 7, 2017 In an International Practice Unit (IPU), the IRS outlined the steps its auditors should take when issuing a recordkeeping and reporting summons to a U.S. corporation that is 25% owned ...
  • Filing deadline rapidly approaching for flow-through entities March 6, 2017 The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes is March 15. While this ...
  • Cooking the books March 3, 2017 What’s the most costly type of white collar crime? On average, a company is likely to lose more money from a scheme in which the financial statements are falsified or ...