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What Is an Audit Report?

August 19, 2022

An audit report is the written opinion of a qualified auditor regarding your business’s financial statements. The report is presented in a standardized format and…
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How Do You Become an Entry-Level Auditor?

July 29, 2022

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…
What Are the Principles of Auditing?

What Are the Principles of Auditing?

July 22, 2022

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…
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How to Prepare for an Audit in Three Easy Steps

May 27, 2022

You know you need an audit — but do you know how to prepare for it? From determining which type of audit you need to…
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What Are Common Audit Adjustments and How Can I Avoid Them?

May 23, 2022

Audit adjustments can significantly impact your organization’s financial statements. It’s essential to evaluate their regulatory compliance effects and determine potential internal control deficiencies that may…
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What Business Expenses Are Tax Deductible?

March 25, 2022

Whether you own a salon or a manufacturing company, running your business will come with operational expenses. If your business exists and operates to make a…
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What Is the Federal Gift Tax? 

March 15, 2022

Just as the federal government collects taxes on your income, it also collects taxes on large sums of money gifted to people, organizations and churches….
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Why Does My General Contractors License Require an Audit

February 25, 2022

In the application for your general contractor’s license, there are several requirements that must be met. Among the age, education, and experience qualifications, there is…
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Why Churches Should use QuickBooks for Accounting

January 24, 2022

The world of church accounting is vastly different from accounting for for-profit entities. There are many unique challenges facing religious organizations. One of the first…
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Best Tips for Tracking Donations in QuickBooks

January 17, 2022

Money fuels the mission of every non-profit organization. Just like any other business, nonprofits need money coming in to cover operating costs, pay employees, fund…
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Do Churches Need Accountants?

December 21, 2021

The world of church accounting is vastly different from accounting for for-profit entities. There are many unique challenges facing religious organizations such as restricted donations,…
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How Much Do Charitable Donations Reduce Taxes?

December 8, 2021

Charitable donations provide an excellent way for businesses and individuals to support their communities. Whether you make a monetary gift to a nonprofit entity or…
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Tax Facts to Know When Selling Your Home

November 30, 2021

Selling your home for a profit is an exciting opportunity. However, you should know a few things before you begin the process. This guide to…
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Tax Tips for Starting a New Business

November 24, 2021

Starting a new business is no easy task — there are so many factors for new startup companies to consider. Between planning what type of…
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Understanding Financial Statements

October 20, 2021

Financial statements are a significant player in projecting company growth, expenses and stockholder’s love when they see growth. Every business owner needs to understand how…
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Nonprofit vs. For-Profit Accounting

September 21, 2021

When starting a company, one of the first decisions you need to make is whether the business should be a for-profit company or a nonprofit…
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Tips for Accounting Students From the Partners at Marshall Jones

August 24, 2021

As a college student, you have a lot of navigating to do when entering the workforce. That’s why the partners at Marshall Jones want to…
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How to Review The Form 5500

July 21, 2021

The Form 5500 is an annual report that is filed with both the IRS and the DOL. It has information that relates to the operation…
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What Should a Non-Profit Board Ask of Their Auditor?

June 22, 2021

An audit is an independent review of your non-profit organization’s financial statements and records. The goal of an audit is usually to determine if a…
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401K Audit Checklist

May 27, 2021

Many employers are realizing the need to offer benefits to retain and recruit top talent. One of the most common benefits that we see used…
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Is Non-Profit Accounting Different?

May 19, 2021

Nonprofit accounting is about demonstrating financial stability, so that the Organization will be around a long time in order to fulfil its mission throughout the…
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Accounting Tips for Real Estate

April 16, 2021

Managing real estate accounting is an essential function to further your company’s success. It allows you to track your cash inflows and outflows, evaluate your…
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Tax Season 2021: What You Need to Know About Your 2020 Tax Return

March 9, 2021

You’re probably sick of even thinking about the year 2020. But, unfortunately, you probably still have the preparation of your 2020 tax return to take…
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Accounting for Law Firms

February 24, 2021

Accounting firms help many individuals and companies make financial decisions. No matter what kind of business you run, an accounting firm can offer advice and…
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Accounting Tips for Nonprofit Organizations

January 25, 2021

Nonprofit organizations do great work serving their communities and society as a whole. The Internal Revenue Service (IRS) rewards qualifying nonprofit organizations with tax-exempt status….
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Bookkeeping Tips for Your E-Commerce Business

November 25, 2020

Bookkeeping is an essential component of an e-commerce business. With an online store, your business’ products will be available 24/7/365 to a wide array of…
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Accounting Tips Every Real Estate Company Needs to Know

October 9, 2020

Real estate is a unique industry. There is plenty of opportunity for growth that depends on how well you manage the array of transactions that…
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Top 5 Trends in the Non-Profit Industry

September 4, 2020

Nonprofits have a difficult role to fill. They improve conditions for people, animals and communities, all while running an organization that tends to resemble a…
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7 Tips for Meeting With the Board

August 3, 2020

Meeting with your boss for the first time in a new job can be nerve-wracking. When your boss is a group of people with unique…
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Accounting Tips for Your Construction Company

July 1, 2020

If you’re in the construction industry, you understand how important it is to be reliable. Your clients hold you accountable for your work. Solid construction…