“Do you have the necessary policies?”
This question is no longer just an innocent inquiry, but a requirement. As audits become more analytical in today’s digital age, focus continues to shift to companies’ internal controls and the underlying policies influencing them. Among these is the often overlooked document retention policy.
Most of us grew up receiving long lectures from our parents about the importance of budgeting and saving money. But how many of us were actually taught to prepare and properly adjust a budget to our financial needs?
If you own a business, you will want to pay close attention to the Tax Cuts and Jobs Act (TCJA) of 2017. This act, effective for taxable years beginning after December 31, 2017, affects the financials of business owners and their companies. To make TCJA a bit easier to digest, we want to focus on three new additions to the act involving tax deductions, corporate meals and entertainment.
Do you work for a nonfederal entity? Does your organization receive federal grants and awards? Does your organization expend $750,000 or more in these awards in one fiscal year? If you answered yes to all of these questions, then your organization is subject to a single audit in accordance with the Office of Management and Budget (OMB) Circular A-133.
Have you ever had to design a brochure for your organization? Create a PowerPoint presentation? Write an article or a blog post? In today’s digital age, you probably know how to do one or more of these things with any basic computer program.
This month’s staff spotlight features Halt, Buzas & Powell’s managing partner, Andy Powell. Andy brings over 30 years of accounting experience to the HBP team.
For business owners, occupational fraud can be one of the most dangerous threats to a company’s success. According to the Association of Certified Fraud Examiners, the median loss in a business fraud case is about $130,000, and this number is even higher for small businesses. However, don’t let the statistics scare you. Using the following preventive and detective internal controls, any business owner can take action to keep fraud at bay.
Playing tourist in DC over the weekend is perfect for this time of year. Here are a few of our favorite things to see and do around the city:
Summer is a time to relax, spend time by the pool and forget reality for a bit. Forget your stress, forget making school lunches for the kids, forget the cold. However, there is one thing you should not forget. Criminals and scammers don’t take summers off, so don’t let your guard down in the midst of summer; keep an eye out for IRS phone scams.
July 4th, also known as Independence Day, brings much excitement to Washington, DC. Throughout the long weekend, the District hosts a variety of events in celebration of the anniversary of America’s independence. Here is your weekend itinerary: