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Conducting Risk Assessments

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.

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

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

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Financial Reporting Issues With Audit Opinions

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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Audit Process of Royalty Agreements

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

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What You Need To Know About Independent Contractors

What You Need To Know About Independent Contractors

By Froehling Anderson | Oct 23, 2018

Independent Contractor vs. Employee: Worker Classification Matters

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Calendar Year Vs. Fiscal Year

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

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Changes to the Tax Treatment of Fringe Benefits

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.

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Should your Business Consider a Cost Segregation Study?

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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How to Avoid Being a Victim of Cybercrime

How to Avoid Being a Victim of Cybercrime

By Nancy Carlson | Sep 14, 2018

How are you helping cyber criminals steal your identity and your money?

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