When to Be Credit Wary


When a company asks for credit, be cautious if it

Has stopped obtaining audited financial statements and now prepares only reviews or unaudited or compiled statements.

Presents financial statements that show profits, but doesnt present a cash-flow statement.

Shows large amounts of due to or due from its owners in its business records. Thats a sign the owners are using the business as a personal bank or the business is borrowing from the owners because it cant get credit anywhere else.

Stanley Zarowin


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.