The straight line

New Audit and Reporting Standards Issued

Dennis Gardiner, Managing Partner Our team members stay busy throughout the year completing the audit work and reports for you.  Along with staying on task, we have had a few new audit (AICPA) and reporting (FASB) standards to learn about and interpret as we ready ourselves for the upcoming audit season.  Here are the changes...

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Beneficial Ownership Reporting

Blake Miller, CPA, CFE, Partner The 2021 Corporate Transparency Act created a new beneficial ownership information (BOI) reporting requirement for small businesses starting January 1, 2024.   The purpose of this legislation was to combat bad actors from concealing their ill-gotten gains through shell companies or other opaque ownership structures in the U.S.  The act will...

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Alternative Compliance Examination Engagements

Elizabeth Thyer, CPA, Partner Coronavirus State and Local Fiscal Recovery Funds were awarded to municipalities in March 2021 to be used for responding to the public health emergency or to its negative economic impact, to provide premium pay to essential workers, to replace lost revenues and to make necessary investments in water, sewer or broadband...

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