CPA Practice

NOVEMBER 18, 2024

Getting your fixed assets management wrong can lead to costly inefficiencies, longer quarterly and year-end closings, and poor internal controls that can cause material weaknesses and audit risks. Fixed assets software can provide added audit protection, whether from the IRS or for your own internal processes.

audit 52

audit tax planning Tax accounting books 52

inDinero Accounting

AUGUST 19, 2024

As a small business owner, few phrases strike fear quite like “IRS audit.” ” While the chances of getting audited by the IRS are relatively low, understanding audit risk factors and implementing preventive measures can provide peace of mind and financial security. How Often Do Small Businesses Get Audited?

audit 92

audit tax return accounting and finance Tax 92

xendoo

FEBRUARY 25, 2022

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . When and Why You Need to Clean Up Your Books. There are many reasons to have clean accounting books each month. Here are a few: Ensure Financials Are Up-to-Date. What Documentation Should You Have?

general ledger 111

general ledger accountant accounted Account 111

Going Concern

JANUARY 19, 2024

TSG’s lawsuit filed last August in Los Angeles District Court said that Fox had promised TSG a share of defined gross receipts for pictures under the companies’ long-term participation agreement but that the studio used “nearly every trick in the Hollywood accounting book” to not pay. It didn’t specify which films were examined.

Arizona 104

Arizona accounting and finance Technology audit 104

Patriot Software

OCTOBER 28, 2022

When you run a small business, one error in your accounting books can result in inaccurate financial statements, poor cash flow management, and even an IRS audit. To make sure your records are accurate, familiarize yourself with account reconciliation. What is account reconciliation?

accountant 52

accountant accounted Account accounting books 52

Snyder

MAY 31, 2022

That’s what almost all accounting books are about. Be fully prepared for a tax audit. Even the smallest of businesses are concerned about the possibility of being audited by the tax authorities. The fear of being audited can lead to hesitation, indecisiveness and even stress among small business owners.

E-commerce 52

E-commerce accounting and finance audit Finance 52

Accounting Seed

JANUARY 4, 2023

Even in the 21st century, it’s still possible to do your bookkeeping with paper spreadsheets or account books. If manual accounting works for you, nobody can force you to change. Accounting standards are the same whether you use ledgers or laptops. If the IRS audits you, can you document every last expense and write-off?

accountant 52

accountant accounted Account bookkeeping 52