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Summer 2021 Audit Internship

Functions: As an entry level position for a summer internship, interns actively participate in the full audit process of all the clients of the firm. You will be responsible for utilizing your educational background as well as communication and organizational skills by providing assistance in the full audit process including: preparation of work papers, trial […]

Audit Manager

OPPORTUNITY: We are currently looking for an Audit Manager to join us in our Fort Lauderdale office. The Audit Manager is responsible for leading or participating in audit engagements. Oversees the execution of audit engagements, trains staff and assesses audit quality. Essential Functions: • Ensures that audit activities comply with Audit Department standards • Accomplishes […]

Nonprofits Have Additional Time to Comply with New Lease Accounting Standards

By Lee Klumpp, CPA, CGMA In 2016, the Financial Accounting Standards Board (FASB) updated its lease accounting rules (ASC 842) and closed a diversity in practice in the previous standard. The major change is that organizations must now include lease assets and liabilities on their balance sheets. The upshot is that despite a recently granted […]

IRS Proposes Excise Tax Relief for Exempt Organization Executive Compensation Under Code Section 4960

By Marc Berger, CPA, JD, LLM, Alex Lifson, MBA, MST, Norma Sharara, JD, and Joan Vines, CPA In June 2020 the IRS proposed regulations under Internal Revenue Code (IRC) Section 4960 that, among other things, would allow certain tax-exempt organizations and related for-profit entities to avoid paying 21% excise taxes on certain executive compensation. Even […]

Is Your Organization Audit Ready?

By Barbara Finke, CPA First, what is an audit (and what is it not)? The purpose of an audit, as defined by the American Institute of Certified Public Accountants (AICPA), is “to provide financial statement users with an opinion by the auditor on whether the financial statements are presented fairly, in all material respects, in […]

Tax Internships

OPPORTUNITY: We are seeking talented soon to be college graduates to join our tax practice in our Fort Lauderdale and West Palm Beach offices. This is your opportunity to use the breadth of your accounting and tax knowledge and skills and intern with an elite and growing local firm CPA that offers many opportunities! Essential Functions: […]

Employee Retention Credit

April 10, 2020 In an effort to incentivize businesses to retain employees during the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Trump on March 27, 2020, offers incentives to businesses in the form of fully refundable tax credits. The Internal Revenue Service has provided guidance […]

Paycheck Protection Program (“PPP”) Under CARES

The PPP authorizes up to $349 billion in forgivable loans to small businesses with 500 employees or less. All loan terms will be the same for everyone. Loans carry a fixed rate of 1%, and are payable in 2-years unless forgiven. Who can apply? All businesses – including nonprofits, sole proprietorships, self-employed individuals, and independent […]