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Conducting Risk Assessments

By Froehling Anderson | Nov 7, 2018

Your auditor conducts an updated risk assessment every year when preparing financial statements. Learn how CPAs factor risk assessments into their audit procedures.

That Time of the Year to Review your Business's Expenses

By Froehling Anderson | Nov 1, 2018

It's getting to be that time of the year to review your business's expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA

Financial Reporting Issues With Audit Opinions

By Froehling Anderson | Oct 30, 2018

Lenders and investors look to your company’s audit opinion letter for insight. They know which types of audit opinions tend to foreshadow financial reporting and going-concern issues. Do you?

Audit Process of Royalty Agreements

By Froehling Anderson | Oct 25, 2018

Who’s monitoring your licenses? Whether due to error or fraud, underpayments may happen when your company licenses intellectual property to others. An external audit can ensure accurate royalty

What You Need To Know About Independent Contractors

By Froehling Anderson | Oct 23, 2018

Independent Contractor vs. Employee: Worker Classification Matters

Calendar Year Vs. Fiscal Year

By Froehling Anderson | Oct 19, 2018

Abstract: Using a calendar year as a company’s tax year is often the simplest approach. But for businesses whose primary operating season doesn’t fall neatly within a single calendar year, choosing a

Comparison of Cash and Accrual Reporting Methods

By Froehling Anderson | Oct 18, 2018

Tax reform has opened the door for more companies to use the simpler cash method of accounting. Small businesses tend to convert to accrual-basis reporting vs. cash for federal tax purposes. While

Changes to the Tax Treatment of Fringe Benefits

By Froehling Anderson | Oct 8, 2018

The tax treatment of fringe benefits varies. Many types are tax-free to employees, but the TCJA has changed the tax treatment of some benefits. Here’s what small businesses need to know.

Should your Business Consider a Cost Segregation Study?

By Froehling Anderson | Oct 2, 2018

Too often, businesses allocate all or most of a building’s acquisition or construction costs to real property, overlooking opportunities to allocate costs to shorter-lived personal property or land

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I have never gotten so much accomplished with my last accounting firm in the last two years as I have with Froehling Anderson. You make me feel so good about the decision we made to go with your company! I really appreciate your taking the time to go through all of this with me. You make me feel so much better!

Cindy L

After years of bad experiences with CPAs, Froehling Anderson has been an absolute opposite and amazing experience for my company and personally. Prompt communication, promises kept, easy to understand communications, and actual regular consultation. I highly recommend Froehling Anderson CPAs to any business owner. Gail and her team are aware of the issues professional anglers face, so they were familiar with our situation. They started by helping us separate our professional and personal finances, and gave us an easy way to track and categorize our expenses. They helped us meet tax deadlines and get up to speed on current filings. Soon, we felt much less anxious about our finances. What a relief!

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We’ve stayed with Froehling Anderson through the years because they are relatively consistent employees and workforce; their top management is stable and consistent.

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