Our non-profit client needed several years of bookkeeping and accounting completed in order to file overdue tax returns and reinstate their tax-exempt status. During our review, we discovered commingled funds and over \$700,000 in personal expenses that the founder had not reported on their personal tax returns. Our accountant coordinated with HR, payroll experts, and […]
Non-Profit at Risk Read More »
A client required an Agreed-Upon Procedures (AUP) review by a CPA and needed their fiscal year accounting and financial reporting completed in preparation for the audit. Our accountant reviewed the AUP program requirements, identified areas of non-compliance, and proposed corrective actions. We reorganized the chart of accounts, recorded transactions in accordance with program guidelines, and
Our client engaged us to provide forensic accounting services in support of litigation involving their spouse’s business. The objective was to determine whether income had been misstated for equitable distribution purposes. Our forensic accountant analyzed bank statements, tax returns, and financial records obtained via subpoena. Using the IRS’s Reconstruction of Taxable Income method, we reconstructed
Financial Investigation Read More »
In 2024, our client launched a new business and needed assistance compiling financial data for tax filing and performance analysis. During our review, we found that the Office Manager had a solid foundation in bookkeeping and could be trained to manage monthly accounting tasks. Our accountant provided customized QuickBooks Online training, covering receipt capture, chart
Our client entered into a franchise agreement with complex accounting and reporting requirements, including integration with a point-of-sale (POS) and inventory management system. These systems required data exports and imports into QuickBooks via IIF files. Our accountant collaborated with our CPA to review the franchise’s financial procedures and reperformed transactions to ensure accuracy and completeness.
Our client, a serial entrepreneur with multiple businesses and entity structures, relied on QuickBooks Live Bookkeeping and an H&R Block tax accountant—two services that did not coordinate. This lack of collaboration led to over \$70,000 in back taxes owed to the IRS and state authorities. Our accountant conducted a comprehensive review of the past three
