The word “audit” often has negative connotations. However, for many nonprofits, an annual audit is standard practice. Though the IRS does not require …
Financial 101
Employee Benefit Plan Audit Requirements
An employee benefit plan audit is subject to rules based on the Employee Retirement Income Security Act of 1974 (ERISA). This law was passed to …
401k Audit – Is Your Company Prepared?
If you currently sponsor a 401k plan for your employees, you should be aware of the accounting and audit responsibilities that are an essential part …
Small Business Records: What to Keep and What to Toss
Small business owners are subject to the same kind of thorough record keeping as giant corporations. Don’t make the mistake of destroying small …
Small Business Records: What to Keep and What to TossRead More