The Importance of Revenue in an Audit

Though balance sheet accounts are the customary focus of auditors, revenue is a key income statement account. And it may steal the spotlight in the coming audit season. Contact us to help ensure your company

TCJA Update: Is your Business Eligible for the Cash Method?

The Tax Cuts and Jobs Act expanded the eligibility of the cash method for businesses. Usually, if a business’s receivables exceed its payables, the cash method of accounting will allow more income to be deferred

Urgent W-2 and 1099 Filings Notice

There is a major change regarding W-2 and 1099 filings. In 2018, the IRS issued regulations that virtually eliminated the ability to ask for an extension to file these forms. This change means you must

Understanding the IRS and Tax Filing Claims

Paying your taxes is serious—and the government wants you to know it. For the first time in years, Minnesota and Wisconsin now have a permanent director in the U.S. Attorney’s office dedicated to fighting tax

TCJA Provisions: Research Credit May Be Available

If your company engages in qualified research activities, revisit the research credit to be sure you’re taking full advantage of its benefits. Changes under the TCJA could make the credit more valuable and/or available for

Financial Reporting Issues With Audit Opinions

Lenders and investors look to your company’s audit opinion letter for insight. They know which types of audit opinions tend to foreshadow financial reporting and going-concern issues. Do you? The Basics To find out what

Should your Business Consider a Cost Segregation Study?

Too often, businesses allocate all or most of a building’s acquisition or construction costs to real property, overlooking opportunities to allocate costs to shorter-lived personal property or land improvements and boost current tax deductions. The

Important Deadlines for 2018 Q4 Tax Calendar

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply

Froehling Anderson Team Video Project

This summer, three teams of Froehling Anderson employees worked together alongside Bullseye Media’s team to create a video that answers the question, “Why work for Froehling Anderson?” We like coming to work everyday and pride

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