Your auditor conducts an updated risk assessment every year when preparing financial statements. Learn how CPAs factor risk assessments into their audit procedures. 3-Prong Assessment Audit risk is a combination of three components: Control risk.
It's getting to be that time of the year to review your business's expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many business
Who’s monitoring your licenses? Whether due to error or fraud, underpayments may happen when your company licenses intellectual property to others. An external audit can ensure accurate royalty payments. The agreement The parties’ attorneys usually
Confused about how the new tax law changes may affect you? If your business sponsors a 401(k) plan for its employees, it’s crucial to keep up with tax developments in case it affects your plans
As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable purpose. Here’s how their respective
Before you step in the door for a pricing strategy consultation, there are a few questions that you should ask yourself. You don't necessarily have to have the answers to these questions, but they are
We recently went in-depth on the most common types of pricing strategy. But, any marketing expert will tell you that more goes into pricing than simply deciding how you want to penetrate the market. Once
Pricing your product or service appropriately to make a profit in the face of competition is challenging. One way to mitigate that challenge is to utilize pricing strategy for your products or services. Companies have