Upcoming Audit Changes – SAS 145 Risk Concepts

2 years ago

FASB’s Statement on Auditing Standards (SAS) No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material…

FASB Cryptocurrency Accounting Method

2 years ago

Cryptocurrency has become increasingly popular over the last few years. The most common cryptocurrencies include Bitcoin, Ethereum, Tether, and BnB.…

IRS Announces RMD Penalty Removal

2 years ago

Required minimum distributions (RMDs) are an important part of a beneficiary’s or heir’s tax planning since income tax is due…

Charitable Planning: Donor-Advised Fund or Private Foundation?

2 years ago

Atlanta high-net-worth individuals and families have many considerations for charitable giving strategies as part of their estate plan. In a…

IRS Releases 2023 Per Diem Rates

2 years ago

Travel is an essential aspect of doing business for many Atlanta companies. The opportunity to meet face-to-face with clients, and…

IRS Extends Retirement Plan Amendment Deadline

2 years ago

For many Atlanta plan sponsors maintaining compliance with ERISA regulations is an important priority that is second only to serving…

What Is the Meaning of Significant Risk?

3 years ago

Risk in a financial statement takes on many forms. It can be a material misstatement or can manifest as an…

Update in the Fight Against COVID-19 Fraud

3 years ago

The COVID-19 pandemic was a challenging time for individuals, families, and businesses. Concern about the widespread transmission of a relatively…

IRS Announces New Automatic Penalty Relief

3 years ago

Failure to file a tax or information return by its due date generally results in extra fees and penalties. It…

New Electric Vehicle Tax Credit FAQs

3 years ago

The recently passed Inflation Reduction Act (Act) features several tax changes and benefits that incentivize the migration to energy-efficient systems.…