Strategies to optimize your finances

An audit, review, and compilation are three financial statement services a CPA can provide, each with a different level of assurance. 

A plain-English guide to the SOC 1 report: what it covers, how it differs from SOC 2 and SOC 3, Type I vs Type II, and who needs one.

Schedule M-3 reconciles book net income to taxable income on the 1120 and 1065. Who must file, the $10M and $50M rules, and the reconciliation.

What a single audit is, who needs one, and how the compliance audit of federal awards works under the Uniform Guidance.

What CECL is, how the expected credit loss model replaced incurred loss, what falls under ASC 326, the allowance, and who has to comply.

How ASC 718 works: measuring share-based payments at fair value and expensing stock-based compensation as equity awards vest.