Benefit Plan Audit

DO I NEED A CPA?

Do I need a CPA? This is one of the most common questions we hear. Well we came up with 17 reasons why you should seriously think about hiring an accountant. Whether you’re looking to save some money, prepare your taxes, manage your investments, or plan your retirement, an accountant can help. Changing Tax Laws For most… Read more »

TOP 8 ACCOUNTANT MISCONCEPTIONS

When operating a small business, your focus tends to be more on how much money you are making or how many products you’re selling. Less time is being spent on basic financial functions like staying updated on government regulations or growth opportunities. All of these factors play a huge part on the success of your… Read more »

THE ULTIMATE CHEAT SHEET ON TAX FOR SMALL BUSINESSES

For small business owners taxes are a huge deal. With the IRS taking most of your profit in ordinary income taxes and self-employment taxes, why not educate yourself on the laws that apply specifically to your business and help preserver capital. By having a tax professional like McMullan, we can help you navigate the tax… Read more »

5 ESSENTIAL TOOLS FOR SMALL BUSINESSES

Here are 5 tools  that I believe every business needs to grow and adapt in today’s technological environment! 1.) Social Media/ Hootsuite Today a social media presence is a MUST but with a catch. It is only useful to your business if you are engaging with your customers.  It’s easy to have an active Facebook and Twitter presence but if… Read more »

Businesses: How to Help Prepare for Audit Season

The busiest time of year for external financial statement auditors generally runs from January to April each year. But CPAs usually start gearing up for audit season in November of the preceding year. Accountants meet with clients, assign staff and schedule fieldwork. Then, the team conducts preliminary financial analytics, observes physical inventory counts, assesses risk factors… Read more »

What You Should Consider When Hiring a Benefit Plan Auditor

As an employer with more than 100 participants in your employee benefit plan, your retirement plan is required to have an employee benefit plan audit. One of the most important duties you have as the plan administrator is to hire an independent qualified public accountant to perform the audit. Determining if You Need an Audit… Read more »