News & Insights
How Your Business Can Prepare for and Respond to an IRS Audit
October 24th, 2024
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Audit |
Tax
The IRS has been increasing its audit efforts, focusing on large businesses and high-income individuals. By 2026, it plans to nearly triple its audit rates for large corporations with assets […]
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Understanding Your Obligations: Does Your Business Need to Report Employee Health Coverage?
October 9th, 2024
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Audit |
Employee Benefit Plan |
Tax
Employee health coverage is a significant part of many companies’ benefits packages. However, the administrative responsibilities that accompany offering health insurance can be complex. One crucial aspect is understanding the […]
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Audit Preparation: Ensuring Your Organization is Ready for the Process
July 8th, 2024
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Accounting & Outsourced Solutions |
Audit |
Financial Statement & Audit Preparation
By: Renee McNutt and Kylie Kalleward If your organization has never had to undergo an audit before, the process can be daunting and overwhelming. A typical reaction could also be […]
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2024 School Update: Section 27K Taxability
March 14th, 2024
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Audit
The Michigan Department of Education announced the opening of the Section 27K Student Loan Repayment Program. According to the guidelines, educators who are currently enrolled in and making payments toward […]
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2024 School Update: GASB 101
March 14th, 2024
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Audit
GASB Statement No. 101, Compensated Absences requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but […]