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Billing Schemes in the Professional Services Industry

In previous Our Thoughts On articles, I’ve discussed a case study regarding billing schemes in the professional services industry, and my colleague

State Tax Considerations for Service Businesses

It’s becoming very challenging to stay abreast of the rules surrounding state tax compliance, not to mention developing processes to track how various

States Evaluating Professional Licenses; Is The CPA At Risk?

A number of state governments have recently begun to introduce bills aimed at addressing their involvement in the issuance of professional licenses. Proposed

Using Data Analytics to Detect Check Tampering Schemes in the Professional Services Industry

Professional services organizations are most at risk to be negatively impacted by expense reimbursement schemes, billing schemes and check and payment

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What is More Beneficial for Professional Service Organizations: Accrual Basis or Cash Basis Financial Statements?

One of the most important decisions management of a professional service organization needs to make as it relates to their financial statements is the

Are you in the best structure for you?

Now that we have had some time to digest the Tax Cuts and Jobs Act (TCJA) legislation passed in late 2017, it seems like a good time to sit back and ask

Potential Fraud in the Professional Services Industry

According to the 2018 ACFE Report to the Nations on Occupational Fraud and Abuse, companies in the professional services industry are most at risk to be

Business Income Deduction Changes May Impact Professional Services Firms

On May 9, the Ohio House of Representatives passed House Bill 166 (“HB 166”) by a significant margin. If ratified by the Ohio Senate and signed

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The List of Nondeductible Expenses Continues to Grow

The Tax Cuts and Jobs Act (TCJA) has made significant changes to the tax code and the related underlying deductions available to taxpayers. These changes

How Does the Revenue Recognition Standard Affect Private Equity Firms?

The creation and adoption of the Financial Accounting Standards Board’s (FASB) Codification Section 606, Revenue from Contracts with Customers, (ASC

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