Latest Articles

audit

January 5, 2022 

4 Tips for Preventing ACH Credit Fraud

According to the 2020 AFP Payments and Fraud Control Survey Report, for the first time, in 2019, BEC schemes were the most common type of fraud attack experienced, with 75 percent of organizations experiencing an attack and 54 percent of those ...

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January 5, 2022 

Final Quarterly Estimated Tax Payments Due by Jan. 18

People who owed tax when they filed their 2020 tax return may find themselves in the same situation again when they file for 2021. This will likely be true, especially if they failed to take action to avoid another shortfall by increasing their ...

clayton

January 4, 2022 

Aaron Clayton, CPA, CGMA, CHFP – 2021 40 Under 40 Honoree

Aaron Clayton, CPA, CGMA, CHFP – 2021 40 Under 40 Honoree Partner, Eide Baillyhttps://www.eidebailly.com/ Career highlights:  AICPA Young Member Leadership Committee – Member (2020 – Current) AICPA Leadership Academy Graduate (2016) South Dakota CPA Society – Board of Directors (2018 – Current) South Dakota CPA Society Committee Member (Various roles since 2013 – including the...…

Black CPA Centennial Logo

January 4, 2022 

Black CPA Centennial Highlights Year-Long Campaign Achievements

The commemoration was a collaboration of the AICPA, Diverse Organization of Firms, Illinois CPA Society, National Association of Black Accountants, and National Society of Black CPAs, who collectively supported the creation and release of two ...

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January 3, 2022 

4 Lessons as COVID Uncovers Fragility in Lean Manufacturing

Making changes to your clients’ operating model may require more cash flow, funding or loans. It can be overwhelming to assess those changes — and their impact on your long-term business strategy. Be your clients’ trusted advisor and work with them ...

Deductions

January 2, 2022 

Taxpayer Advice: 2022 IRA No-No’s

The tax law contains strict rules against certain types of “prohibited transactions.” If you’re not careful and comply with all the rules, you could trigger adverse tax consequences.

retirement_accounts

January 2, 2022 

How to Use a Tax Refund to Fund an IRA Tax Deduction

The tax law provides a unique tax-saver for some people on their 2021 tax returns: They can save for retirement by contributing to an IRA and reduce their tax liability at the same time. Depending on their situation, IRA contributions may be wholly or ...

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