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Why Audited Financials Matter

Reliable financial reporting is key to any company’s success. Here’s why your business should at least consider investing in audited financial statements. Weighing the Differences Most businesses maintain an in-house accounting system to manage their financials. The...

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SECURE 2.0: Which Provisions Went into Effect in 2024?

The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan and tax laws. Many of its provisions are little known and were written to roll out over several years...

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End Purchase Order Chaos with a Structured Approval Process

Whether hiring contractors, buying equipment or paying vendors, many businesses struggle with the procurement process. Here are some tips for streamlining your company’s purchase order (PO) approval process. Benefits of a Formal Workflow POs create legally binding...

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HR Compliance Alert for Nonprofits

HR Compliance Alert: The Department of Labor’s final ruling regarding the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA) has been released. Effective July 1, 2024, the annual salary threshold for exempt status will increase from...

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Surprise Audits Are Proven to Fight Fraud

Four antifraud controls are associated with at least a 50% reduction in both fraud loss and duration, according to “Occupational Fraud 2024: A Report to the Nations” published by the Association of Certified Fraud Examiners (ACFE). They are financial statement audits,...

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