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How Does an Auditor Verify Account Balances and Transactions?

Audit season is just around the corner for calendar-year entities. Understanding the types of source documents your auditor might request can help minimize disruptions during audit fieldwork and maximize the effectiveness of your audit.
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Thinking About an Audit? Here’s What You Need to Know First

Audits—the word alone creates an uneasy feeling for many business owners, but it doesn’t have to! In fact, an audit can be an incredibly valuable tool for your business, helping you gain insight into your company’s financial health, build trust with shareholders and enable access to various sources of capital.
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IRS Audit Alert: Are You Making These Common Mistakes?

The Internal Revenue Service (IRS) conducts audits to ensure both individuals and businesses are complying with tax laws and accurately reporting their income and deductions. Although audits are relatively rare, certain income brackets and specific actions can draw the attention of the IRS.
An illustrated graphic features the text "Expense Reports Made Easy: 7 Tips & Your Free Template" on an orange background. A person is shown holding a clipboard, standing in front of a large "CLAIM FORM" document with dollar symbols and checkmarks. At the bottom, logos read "ACUITY" and "powered by Sorren." The design suggests a guide or resource for simplifying expense reporting.
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Boost Your Expense Report Management with 7 Simple Tips and a Free Expense Reporting Template

Tracking employee expenses can be a real headache for entrepreneurs. Missing receipts ring a bell? What about never-ending piles of paperwork? What if we told you that tracking your expenses didn’t have to feel that way? Welcome to the world of the expense report.
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Understanding Excess Business Losses: A Comprehensive Guide for 2025 and Beyond

In a financial world full of shifting tax rules and regulations, keeping up with what affects your bottom line isn’t just helpful—it’s essential.
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FAQs For Plan Sponsors and Employees on Cares Act Relief

The CARES Act was a swift federal response to help businesses and employees manage pandemic-related economic challenges. Many aspects of the wide-range law make significant changes affecting employer-sponsored retirement plans and their participants.
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