Blog

Legislation in Virginia Requires Pro Forma Combined Reports Due July 1st

Virginia’s General Assembly has considered legislation for mandatory unitary combined reporting for corporate income tax purposes
April 12, 2021

Benefits of a Retirement Committee

As plan auditors, we review the governance structure of any plan as part of our procedures
April 9, 2021
By:
  • Des Grain

When Does My Retirement Plan Need an Audit?

Being proactive about getting your plan ready for an audit can save you a lot of
April 9, 2021

Why Does Your 401(K) Auditor Ask For a SOC-1?

If you are the contact for your company’s 401(k) plan audit, you have probably received requests
April 9, 2021

Government Contractors Impacted by Maryland’s New Sales Tax on Digital Products

Maryland’s sales and use tax was recently expanded to include the taxation of “digital products.”  Despite
April 7, 2021

Cryptocurrency’s Potential Effect on Real-World Financial Transactions

In the last few months, cryptocurrency, particularly Bitcoin, has been at the forefront of discussion in
April 7, 2021

FASB Issues Alternative for Goodwill Impairment Test

The FASB issued ASU No. 2021-03 Intangibles—Goodwill and Other (Topic 350), Accounting Alternative for Evaluating Triggering
April 7, 2021

Importance of Communication and Clarity with your Nonprofit Board

Nonprofit boards are generally involved in important decisions concerning the direction of the nonprofit organization and
April 1, 2021

FFATA Reporting Requirements

FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter
March 31, 2021

IRS Confirms 2020 IRA and HSA Contribution Deadlines Extended to May 17, 2021

On March 17, 2021, the IRS extended the filing due date for individual tax returns to
March 31, 2021