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Category Archives: Audit
IRS Has over $39 Million Dollars for Illinois Residents Who Have Not Filed a 2009 Income Tax Return
The Internal Revenue Service or better known as the IRS has $39 Million in refund dollars for an estimated 39,500 Illinois Individuals who have not filed a 2009 Income Tax Return. That equates to a median potential refund of $626 … Continue reading
Posted in Audit, Family Business, Finance, News, Tax Tips
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Small Business Issues: Using a Personal Account to Pay Business Expenses Can Lead to Trouble
As accountants, we often work with small business owners who face a barrage of challenges. For example, as a small business owner, it can be difficult to keep your personal and business expenses separate. So many business owners use personal … Continue reading
Posted in Audit, Family Business, Finance, Tax Tips
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Department of Labor Pushing for Changes in ERISA, Seeks to Revisit the Topic of Audit Quality
Do your due diligence on your plan auditor. Audit fees should not be the sole criteria for auditor selection. The Department of Labor provides a guide for selecting a plan auditor with tips and points to consider during the process. Continue reading
Posted in Audit, Benefit Plans
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