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Prudent steps can minimize the risk of an IRS audit. Accurate income reporting, meticulous record-keeping and truthful filings are paramount in sidestepping audits.

There is no rulebook when it comes to the execution of a brand, and there is certainly no “one-size-fits-all” approach, so thinking outside the box is a common approach.

Credit card surcharging and the related programs have been a hot topic over the last few years and are only growing hotter. However, the guidelines and laws surrounding these programs are unclear, ever-changing and vary by state and area.

A 401(k) plan is among the best ways to help a business attract and retain quality talent. Tax benefits and owner retirement savings options also make starting a 401(k) plan a smart idea.

The NJCPA applauds recent work for credit programs and supports the efforts by the Amer­ican Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) to reduce the financial burden for aspiring CPAs.

While tax planning ideally should be an all-year undertaking, the last calendar quarter of the year is a great time to take advantage of some rapid-fire tax savings moves and to finalize an overall plan for saving on taxes before the year ends.

Whether a business unit manager needs the latest information on time and attendance to streamline their scheduling process or a quick payroll audit by the HR manager to address a problem, analytics help make data accessible to business leaders.

Regardless of the kind of alternative structure being considered, CPA firms need to be diligent and do their homework before embarking on ways to increase revenue growth.

Internal controls aren’t an annual conversation but a daily one, best suited for clients’ year-round accounting support teams. There are several approaches to keep in mind in a virtual environment.