#audit
Independent audit and assurance engagements — SOC 2, financial statement audits, internal controls testing, evidence collection, and audit readiness for service organizations and growing businesses
The IRS adds a 20% penalty when you understate tax by more than $5,000 or 10% — substantial authority, Form 8275 disclosure, or reasonable cause removes it.
Roughly 5–6% of carrier bills are calculated inaccurately — match each freight invoice to its contract and BOL, then dispute overcharges within 180 days.
Shareholder advances survive IRS scrutiny on behavior, not labels: a written note at or above the AFR, unsubordinated terms, and payments you actually make.
IRS and state auditors start with the gap between your POS Z report and your drawer count. Log paid-outs, deposit intact, book the rest to Cash Over and Short.
An IRS Form 4564 Information Document Request is a request, not a court order — answer only what's asked, keep a copy of everything, and ask for time early.
Pay-as-you-go workers' comp bills each payroll on actual wages instead of estimates — no big deposit, smaller audit surprises, smoother cash flow.
The IRS can reclassify your salary top-up, company-paid bills, and shareholder loans as taxable dividends — and deny the corporate deduction.
US law bars non-CPAs from owning an attest practice, so every CPA-firm PE deal splits in two — and only 30–50% of the headline price is cash at close.
Form 5500 is due July 31 for calendar-year plans; IRS late penalties run $250 a day up to $150,000, but DFVCP caps small-plan relief at $1,500.
GrantHub is gone, and Fluxx and SmartSimple are grantmaker tools — here's which grant software small nonprofit seekers actually need, by lifecycle stage.
A COPAS joint interest billing audit window closes 24 months after the calendar year ends — check overhead rates, AFE overruns and your decimal before it shuts.
A reverse sales tax audit recovers US sales and use tax you overpaid to vendors or self-assessed — most states allow refund claims three to four years back.
