Monthly Archives: July 2016

Don’t Overlook Pets in Your Estate Plan by Jeffrey M. Mutnik, CPA/PFS

Posted on July 28, 2016 by Jeffrey Mutnik

For most pet owners, their furry friends are not only constant companions but also cherished members of their families. Just as individuals plan in advance to provide for a spouse and/or children in the event of their death or disability, so too should pet owners consider how their animals will be cared for when they […]

Outsourced Service Providers Benefit from Service Organization Controls Reports by Steve Nouss, CPA

Posted on July 22, 2016 by Steve Nouss

No longer is the outsourcing of business functions, such as IT, customer service, payroll, billing and collections, restricted to large corporations with big budgets. Today, businesses of all sizes recognize and embrace the multitude of benefits derived from outsourcing entire business functions to outside service organizations that have the personnel, expertise, equipment and technology to […]

Upcoming Tax Deadlines for Individuals and Businesses – September and October

Posted on July 21, 2016 by Richard Berkowitz

July 31:                        Deadline for businesses to file Quarterly Payroll Reports   July 31:                        Deadline for Employee Benefit Plans to file annual returns via Form 5500-EZ or 5500, Annual Return/Report of Employee Benefit Plan   August 1:                     Deadline to file Form 941, Employer’s Quarterly Federal Tax Return, for the second-quarter of 2016   August 15:                   Deadline […]

How to Survive an IRS Audit by Andreea Cioara Schinas, CPA

Posted on July 20, 2016 by Andreea Cioara-Schinas

The thought of an IRS audit can strike fear and loathing in any law-abiding U.S. taxpayer. As the unlucky recipient of an examination notice from the IRS, it is the taxpayer who shoulders the responsibility to prove that previously filed tax returns were both complete and accurate. The law provides that the burden of proof […]

Financial Statement Red Flags: Detecting the Threat from Within by Richard A. Pollack, CPA

Posted on July 19, 2016 by Richard Pollack

Despite the rising number of security breaches conducted by criminals outside corporate offices, businesses throughout the world are continuing to be plagued by internal threats that result in significant losses in revenue and reputation. According to the Association of Certified Fraud Examiners Global Fraud Study for 2016, businesses worldwide are continuing to lose 5 percent […]