- If you hear a commercial about your health that catches your attention, you probably call your doctor. After all, your health is very important. Right? Now think of this article as a commercial for the “health” of your business taxes. How much thought are you giving to that? Whether you realize it or not, even though the economic environment is improving, federal, state and local governments are scrambling to find additional tax revenue in order to minimize their budget deficits. As such, they have stepped up audit enforcement to try to capture more tax revenue. This article contains areas you should perform a “tax physical” on to see if they are in general good tax health.
- Here's the dilemma: You know how to brew beer, you're good at, and you'd like to share it with your friends -- or maybe sell it to your friends, or others. But how do you make the leap from brewer to brewery?
- For recipients of federal awards that currently have a negotiated indirect cost rate, there is now a requirement that all federal awarding agencies accept this negotiated rate unless otherwise required by federal statute or regulation or when approved based on documented justification.
- As has been anticipated since the end of the Great Recession, a wave of bank consolidation is very much in formation and could swell to significant levels later in 2015. On its own merit, the increase in average pricing on Q1 2015 deals to a level of just over 150% of book value strongly indicates a more robust mergers and acquisition market for banks.
- To meet OCC requirements and strategically connect the dots on assurance, compliance, and risk management, internal audit functions will need to be part of the risk management ecosystem and provide validation of the execution of risk management responsibilities by frontline units and management. This article outlines what internal audits bring to the table as well as opportunities for driving value through collaboration between risk management and internal audit, using the case example of concern about loan loss reserves.
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