You’ve likely put aside money toward retirement to supplement social security and help ensure financial stability when you leave the workforce. Yet, have you thought about how your tax situation can impact your funds? To make the most of your retirement income stream, you’ll need a solid understanding of how all your assets work together […]
A Day in the Life of a Marshall Jones Auditor Auditors do essential work for businesses, non-profits and other organizations, helping them ensure their financial records are accurate and that they follow generally accepted accounting principles (GAAP). It’s a rewarding job, but you may want to know more about what an auditor does during the average workday. […]
Business bookkeeping basics are essential to a small business’s success in maintaining compliance and monitoring milestones. The tax professionals at Marshall Jones have put together this quick-start guide for small business bookkeeping to help you begin. 5 Bookkeeping Tips for Small Business Owners Five key bookkeeping tips recommended by senior tax professionals can help your […]
Every small business should know when to hire an accountant. In general, it’s advisable to meet and build a relationship with a certified public accountant (CPA) at least once to cover the basics of your business. There are also specific reasons why you should hire an accountant, such as when you need to make critical […]
Reading through an auditor’s report may seem daunting, but you can take the stress out of the process by familiarizing yourself with how these reports are structured and the purpose of each section. Once you know how to read an audit report, you can accept the document handed to you at the end of your […]
An entry-level internal auditor helps organizations maintain compliance with state and federal laws and regulations. Auditors that work in a payroll capacity perform roles such as examining employees’ pay rates and tax withholdings to verify accuracy. Payroll auditors perform a crucial task, catching mistakes and red flags that could lead to lost revenues and potential […]
Every organization must ensure that its financial statements are correct and comply with all applicable federal and state regulations. Auditing is the process of reviewing these records and information to verify their accuracy. An audit can also serve as an internal control mechanism for detecting red flags that may indicate the existence of fraudulent financial […]
If you’ve taken the plunge and started your own business, you’ve likely run into the same obstacle as other small- and mid-sized companies — accounting. Accounting plays a critical role in your company’s operation because it tracks expenditures and income while ensuring compliance. For smaller companies with limited resources, staying on top of these requirements […]
Knowing which of the four 990 forms apply to your organization is important when you’re filing taxes. In this guide, we will break down which organizations file each 990 form to help you determine which option best suits your needs. Types of 990 Forms Almost all tax-exempt organizations will need to file an annual return, […]
You know you need an audit — but do you know how to prepare for it? From determining which type of audit you need to choosing the right firm, you need to follow specific steps to ensure you reach your goals. 1. Determine the Audit You Need You will first need to decide what type […]
