Archives for September 2013

CHOOSING AN AUDITOR FOR YOUR RETIREMENT PLAN

In general, employee benefit plans, or pension plans, with 100 or more participants are required by law to have a yearly audit. These audits need to be performed by an independent, qualified CPA. There are a number of questions you should ask when considering an auditor, including inquiries about the CPA firm's experience, certification, and independence. The Department … [Read more...]

THE DIFFERENCES BETWEEN A FINANCIAL AUDIT, REVIEW AND COMPILATION

At some point, most small businesses and non-profit organizations need a CPA for financial statement services. The type of service is determined by your organization’s needs. Often, banks require a full financial statement audit for lending and credit agreements. Other times, a simpler review or compilation is sufficient. There are three main levels of financial … [Read more...]

IS ONLINE ACCOUNTING FOR YOU?

Online accounting programs are becoming more and more popular with small businesses. They offer a cost-effective way to meet the needs of most small businesses, while targeting only what your business needs in accounting software. Having your accounting software in the cloud can provide a number of advantages over traditional accounting software: Reduces your need for … [Read more...]