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New Standard Proposed for Forensic Services Engagements

Earlier this week, the AICPA Forensic and Valuation Services Executive Committee (FVSEC) issued an exposure draft outlining a new proposed standard for forensic service engage ... Read more

Reap the Benefits of Gain-Loss Harvesting to Lower Your Tax Bill

Losing money is not anyone’s investment plan, however a well-diversified portfolio will usually contain some investments that have lost value. A silver lining in having losi ... Read more

Considering a Gift Before the End of the Year?

The 2018 gift and estate tax exemption of $11.18 million is considerably larger than it has ever been. In addition to the tax benefits, making a gift during your lifetime allo ... Read more

Are You Ready for the Annual Audit?

The word ‘audit’ is often perceived as a negative term. There are many different types of audits, and your financial statement auditor is not your adversary, but rather sh ... Read more

Fraud Prevention Best Practices

Occupational fraud is very costly. According to the 2018 Report to the Nations on Occupational Fraud and Abuse, a median loss per reported case was $130,000, and a typical org ... Read more

Defend Your Organization Against Losses

Let’s assume for a second that you suspect your business partner or employee of wrongdoing. Or, let’s assume that you are facing a legal problem involving accounting or fi ... Read more

Why Adjusting Entries Are Essential for Accurate Books

Many business owners focus on increasing sales, driving profit, and enhancing product or service offerings. Their priorities also include managing employees and fostering rela ... Read more

Tax Free Gift from Your IRA

You can reduce or eliminate the tax on income you are required to take from your Individual Retirement Account (IRA), but may not need, using Qualified Charitable Distribution ... Read more