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Occupational fraud doesn’t always translate to hard cash leaking out of the company’s bank account. This article from the Rochester Democrat & Chronicle discusses an ongoing case about the alleged employee theft of over $2 million worth of diabetes test strips, illustrating how noncash fraud can be very lucrative in the right circumstances. Enabling Factors First of […]

The Tax Cuts and Jobs Act (TCJA) greatly changed the bonus and Section 179 expense depreciation rules for businesses starting in 2018.  These changes allow businesses to take advantage of even greater deductions and provide a valuable business planning tool.  Any business, big or small, needs to be aware of these rules and changes to […]

By Hillary Parker, CPA Looking back at our 2018 Manufacturing Survey, businesses expressed optimism for several reasons, including the political focus on manufacturing, movement on tax reform, reduced regulations, and improvements to healthcare. For our 2019 Manufacturing Survey, the outlook is still upbeat, with manufacturers expressing significant optimism for overcoming the following hurdles: Raw materials […]

By Shareen Corlett, CPA Are you aware of the new Washington State Paid Family and Medical Leave Act?  In 2018, Washington created a statewide insurance program hoping to strengthen companies by ensuring every employee has access to paid time off to care for themselves and their family.  Washington will be the fifth state in the […]

As an auditor, I’ve seen my fair share of fraud attempts. But personally, I had not experienced such an attempt against an organization I was volunteering with – until now. I have the dubious distinction of being among the hundreds of thousands who have received a social engineering phishing email (i.e., solicitation of information by […]

Through recent proposed regulations on November 20, 2018, the IRS has noted that, for individuals who took advantage of the increased gift and estate tax exclusions from 2018 to 2025, there will be no claw back when current exemption levels are set to decrease after 2025. In general, estate tax planners across the board felt […]

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