The IRS is sending Notice CP53E to some taxpayers who had a balance due on their 2025 returns — and it’s causing understandable confusion. The notice asks for bank account information so the IRS can issue a refund via direct deposit. The notice is also going out to taxpayers who are expecting a refund but […]
What U.S. Importers Should Know About the New Tariff Refund Portal
A recent Supreme Court decision has created an unexpected opportunity for businesses that import goods into the United States — the chance to recover tariffs that a federal court determined were not legally valid. U.S. Customs and Border Protection has created a portal where qualifying businesses can submit refund requests for tariffs collected under the […]
Does Your Retirement Plan Require an Audit?
For many plan sponsors, it starts with a letter. You receive a notice that your retirement plan now has 100 participants, and you’re required to have an independent audit. This may be the first you’ve ever heard of an employee benefit plan audit, and here’s what you need to know: Who needs an employee benefit […]
Internal Controls 101: What Your Auditor is Looking For
Most business owners assume an audit is about checking whether their numbers add up. But there’s a lot more to an audit than ensuring the accuracy of your financial reporting, and it all comes down to internal controls. Internal controls are the checks and balances your organization puts in place to mitigate risk and protect […]
Tax Preparer or Financial Advisor: What Does Your Family Really Need?
Most families assume they just need someone to prepare their taxes each year. But if you’re only working with a tax preparer, you may be missing the financial guidance that could transform your family’s future and build lasting security. What’s the difference between a tax preparer and a financial advisor? A tax preparer focuses on […]
Three Conversations to Have with Your CPA (That Aren’t About Taxes)
Most business owners only talk to their CPA between February and April. While it’s a no-brainer to communicate during tax season, the real value comes from the conversations you have the other nine months of the year. In fact, we meet with every business client at least quarterly. What do we talk about? From tax […]