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

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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

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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

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