#audit
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
IFTA Fuel Tax: A Quarterly Filing Guide for Owner-Operators
IFTA returns are due four times a year, and two consecutive missed filings can get an owner-operator's fuel tax license revoked. This guide covers the quarterly deadlines, the $50-or-10% late penalty, the four-year record retention rule, the audit triggers auditors actually look for, and the recordkeeping habits that keep filings painless.
How Nonprofits Should Value and Record Gifts-in-Kind Under ASC 958-605
ASU 2020-07 requires nonprofits to present contributed nonfinancial assets as a separate line item, disaggregated by category, with disclosed valuation methods. This guide covers the fair-value rules of ASC 958-605 — which volunteer services are recordable, how to value donated goods, professional services, and facility use, the offsetting journal entries, and the $25,000 Form 990 Schedule M threshold.
Recording Gifts-in-Kind: A Nonprofit Accounting Guide to ASU 2020-07
Under ASU 2020-07 (ASC 958-605), nonprofits must record donated goods, services, and facility use at fair value on a separate line item and disclose valuation methodology by category, or risk an auditor flagging the financial statements.
Surviving a State Sales Tax Audit: A Small Business Guide
State sales tax auditors use statistical sampling that extrapolates a small error rate across years of transactions, so running a self-audit on use tax accruals, exemption certificates, and nexus exposure before a notice arrives produces a materially better outcome than waiting.
The Short-Term Rental Loophole in 2026: How W-2 Earners Offset Income with Material Participation and 100% Bonus Depreciation
A walkthrough of the Section 469 seven-day rule, the three realistic material participation tests, and how the One Big Beautiful Bill Act's permanent 100% bonus depreciation lets short-term rental owners offset W-2 income — plus the bookkeeping habits that survive an IRS audit.
State Tax Residency Audit Defense After Moving to a No-Tax State
A practical guide to surviving California FTB and New York residency audits after moving to Florida, Texas, or Nevada — the domicile and statutory residency tests, day-count documentation, equity compensation traps, and the convenience-of-the-employer rule.
Bookkeeping for Forensic Accountants: Engagement Letters, Daubert, ASC 606, and the KPIs of a Defensible Practice
How forensic accounting and litigation support practices should structure revenue recognition, engagement letters, conflict checks, and KPIs to stay defensible under Daubert, Rule 702, ASC 606, and AICPA SSFS 1.
The NYC Local Law 144 Bias Audit Just Got Real: What Employers Using AI Hiring Tools Must Do in 2026
NYC Local Law 144's AEDT bias-audit, public-summary, and ten-business-day candidate notice rules now carry real enforcement risk after the December 2025 State Comptroller audit — and Illinois HB 3773, California's ADMT regulations, Colorado SB24-205, and Maryland HB 1202 layer additional 2026 obligations on multi-state employers using AI hiring tools.
OSHA Form 300, 300A, and 301 Injury and Illness Recordkeeping in 2026: The Complete Compliance Playbook for Small and Mid-Size Employers
A 2026 compliance guide to OSHA's Form 300, 300A, and 301 injury and illness recordkeeping under 29 CFR Part 1904 — who must record, the four-step recordability test, electronic Injury Tracking Application submission for Appendix B high-hazard establishments with 100 or more employees, severe-injury reporting timelines under § 1904.39, state-plan deltas, and how to build a program that survives an OSHA audit.
The Augusta Rule: How Business Owners Rent Their Home to Their S-Corp for 14 Days a Year Tax-Free
Internal Revenue Code Section 280A(g) lets a business owner rent a personal residence to their own S-corporation for up to 14 days a year and exclude every dollar from personal gross income while the business deducts the rent under Section 162. The Sinopoli case shows what survives an audit and what does not.
Form 3115 for Small Businesses: A Practical Walkthrough of Section 481(a), Automatic Consent, and the Audit Protection Traps
How small businesses use Form 3115 to fix prior-year accounting methods without amending returns — covering the Section 481(a) catch-up math, automatic vs. non-automatic consent under Rev. Proc. 2015-13, three worked examples (cash-to-accrual, cost segregation, repair regs), and the five filing mistakes that forfeit audit protection.
Independent Community Pharmacy Bookkeeping: PBM Reconciliation, DIR Fees Under ASC 606, 340B Compliance, and the KPIs Lenders Read
How independent community pharmacies reconcile PBM remittance advice to adjudicated AR, accrue DIR fee reserves as variable consideration under ASC 606, segregate 340B inventory to survive HRSA audits, and produce the gross-margin-per-Rx KPIs that lenders benchmark against the NCPA Digest's 19.7% margin median.