FAQs on Taxpayer Relief – Hurricane Irma/Harvey
Hurricane Harvey and Irma have left a wake of not only destruction, but confusion when it comes to taxes. How do I know I’m eligible for disaster relief? What federal tax filings and tax payments qualify for the postponement? This FAQ document answers these questions and more, and will help you understand the tax implications and taxpayer relief programs as a result of these storms.
GAAP and Post-Disaster Audit and Accounting Procedures
Much of the focus around hurricanes is safety and getting through the hurricane itself. However, in the aftermath of a significant natural disaster, it is also important to consider the financial reporting implications of such extreme events at period end. This article breaks down post disaster recording into five steps, as a way to consider addressing GAAP and GAAS issues.
MBAF Named a “Best of the Best” Firm By Inside Public Accounting
MBAF has been selected as a Best of the Best firm by INSIDE Public Accounting (IPA) for 2017. The firm has earned this designation for the last 16 years consecutively. The firm also ranked 40th in the IPA’s Top 100 list of the largest accounting firms in the nation.
Are You Following MBAF on Social Media?
MBAF believes in keeping our clients up-to-date and informed on key issues. Watch this 30 second video to learn how you can stay current with valuable information like tax updates by following us on social media.
Kids Off to College? Have Them Sign A Power of Attorney
In most states, parents do not have the authority to make health care or financial decisions on behalf of their children once they turn 18. By signing a power of attorney, young adults are granting their parents the legal right to act on their behalf should they become incapacitated in any way, while they are away at school.
Boo! Solving the Mystery of the Phantom Employee
Do your clients have ghosts on the payroll? If so, they might be losing thousands of dollars to bogus salary and bonus expense each year. Here’s how phantom employee frauds work, including the warning signs and tips to help clients “exorcise” these scams from their payroll records.