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Auditing Accounts Payable in 4 Steps

By Froehling Anderson | Dec 13, 2018

Since a lot of money flows through accounts payable (AP), it is important to get it right! Auditors can help by using four key procedures on AP: reviewing standard operating procedures (SOPs),

The Importance of Revenue in an Audit

By Froehling Anderson | Dec 5, 2018

Though balance sheet accounts are the customary focus of auditors, revenue is a key income statement account. And it may steal the spotlight in the coming audit season. Contact us to help ensure your

TCJA Update: Is your Business Eligible for the Cash Method?

By Froehling Anderson | Nov 29, 2018

The Tax Cuts and Jobs Act expanded the eligibility of the cash method for businesses. Usually, if a business’s receivables exceed its payables, the cash method of accounting will allow more income to

Understanding the IRS and Tax Filing Claims

By Froehling Anderson | Nov 20, 2018

Paying your taxes is serious—and the government wants you to know it. For the first time in years, Minnesota and Wisconsin now have a permanent director in the U.S. Attorney’s office dedicated to

TCJA Provisions: Research Credit May Be Available

By Froehling Anderson | Nov 13, 2018

If your company engages in qualified research activities, revisit the research credit to be sure you’re taking full advantage of its benefits. Changes under the TCJA could make the credit more

Identifying Hidden Liabilities

By Froehling Anderson | Nov 8, 2018

From bad debts to pending lawsuits, a company’s financial statements may not disclose everything stakeholders need to know to assess its financial health. What’s undisclosed on a company’s financial

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?

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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!

Kevin C.

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

Bill S.

Working with Froehling Anderson means I can sleep at night. If I’m audited, I’m confident in the work and that Froehling Anderson will be on my side.

Jack V.

My first impression of Froehling Anderson is they know how to maximize profit and minimize tax liabilities.

Pat Z.

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