55 tagged with "Audit"
Independent audit and assurance engagements — SOC 2, financial statement audits, internal controls testing, evidence collection, and audit readiness for service organizations and growing businesses
The Short-Term Rental Loophole in 2026: How W-2 Earners Offset Income with Material Participation and 100% Bonus Depreciation
A walkthrough of the Section 469 seven-day rule, the three realistic material participation tests, and how the One Big Beautiful Bill Act's permanent 100% bonus depreciation lets short-term rental owners offset W-2 income — plus the bookkeeping habits that survive an IRS audit.
State Tax Residency Audit Defense After Moving to a No-Tax State
A practical guide to surviving California FTB and New York residency audits after moving to Florida, Texas, or Nevada — the domicile and statutory residency tests, day-count documentation, equity compensation traps, and the convenience-of-the-employer rule.
Bookkeeping for Forensic Accountants: Engagement Letters, Daubert, ASC 606, and the KPIs of a Defensible Practice
How forensic accounting and litigation support practices should structure revenue recognition, engagement letters, conflict checks, and KPIs to stay defensible under Daubert, Rule 702, ASC 606, and AICPA SSFS 1.
The NYC Local Law 144 Bias Audit Just Got Real: What Employers Using AI Hiring Tools Must Do in 2026
NYC Local Law 144's AEDT bias-audit, public-summary, and ten-business-day candidate notice rules now carry real enforcement risk after the December 2025 State Comptroller audit — and Illinois HB 3773, California's ADMT regulations, Colorado SB24-205, and Maryland HB 1202 layer additional 2026 obligations on multi-state employers using AI hiring tools.
OSHA Form 300, 300A, and 301 Injury and Illness Recordkeeping in 2026: The Complete Compliance Playbook for Small and Mid-Size Employers
A 2026 compliance guide to OSHA's Form 300, 300A, and 301 injury and illness recordkeeping under 29 CFR Part 1904 — who must record, the four-step recordability test, electronic Injury Tracking Application submission for Appendix B high-hazard establishments with 100 or more employees, severe-injury reporting timelines under § 1904.39, state-plan deltas, and how to build a program that survives an OSHA audit.
The Augusta Rule: How Business Owners Rent Their Home to Their S-Corp for 14 Days a Year Tax-Free
Internal Revenue Code Section 280A(g) lets a business owner rent a personal residence to their own S-corporation for up to 14 days a year and exclude every dollar from personal gross income while the business deducts the rent under Section 162. The Sinopoli case shows what survives an audit and what does not.
Form 3115 for Small Businesses: A Practical Walkthrough of Section 481(a), Automatic Consent, and the Audit Protection Traps
How small businesses use Form 3115 to fix prior-year accounting methods without amending returns — covering the Section 481(a) catch-up math, automatic vs. non-automatic consent under Rev. Proc. 2015-13, three worked examples (cash-to-accrual, cost segregation, repair regs), and the five filing mistakes that forfeit audit protection.
Independent Community Pharmacy Bookkeeping: PBM Reconciliation, DIR Fees Under ASC 606, 340B Compliance, and the KPIs Lenders Read
How independent community pharmacies reconcile PBM remittance advice to adjudicated AR, accrue DIR fee reserves as variable consideration under ASC 606, segregate 340B inventory to survive HRSA audits, and produce the gross-margin-per-Rx KPIs that lenders benchmark against the NCPA Digest's 19.7% margin median.
Independent Hospice Agency Bookkeeping: Medicare Per-Diem Revenue, the Aggregate Cap, and the KPIs That Matter
A practical accounting guide for independent hospice and palliative care agencies — covering Medicare per-diem revenue recognition under ASC 606, the aggregate cap under 42 CFR 418.309, the inpatient cap, hospice wage index labor allocation, ZPIC/SMRC/RAC recoupment reserves, bereavement and foundation income segregation, and the NHPCO benchmark KPIs that boards and lenders track.
Title Insurance and Settlement Agent Bookkeeping: ALTA Best Practices, Three-Way Reconciliation, and the Compliance Realities of Closing Other People's Money
How title insurance agencies and settlement firms keep escrow trust books — three-way daily reconciliation, ALTA Best Practices controls, premium remittance liability tracking, RESPA Section 8 compliance, and the wire-fraud controls that survive a state department of insurance audit.
ASC 606 Variable Consideration and Stand-Ready Obligations: A Practical Guide
How to estimate variable consideration under ASC 606 — volume rebates, performance bonuses, royalties, and SLA penalties — choose between the expected-value and most-likely-amount methods, apply the reversal constraint correctly, distinguish a stand-ready obligation from a series of distinct services, and book journal entries that survive an audit.
Embedded Leases in Service Contracts: An ASC 842 Field Guide for Controllers
ASC 842 treats many service contracts — IT hosting, 3PL warehousing, power purchase agreements, equipment-as-a-service — as leases when the contract names an identified asset and the customer directs its use. This guide covers the two-test framework, the four contract categories where embedded leases hide, the practical-expedient trade-offs, and a procurement-to-accounting screening workflow.