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JTC CPAs Blog for Small Business Finance

Enter the PCAOB

Enter The PCAOB The PCAOB’s (Public Company Accounting Oversight Board) was established in 2002 by Congress, states independence standards clearly set forth that under certain qualifying conditions, proposing audit adjustments (without regard to their number, nature, or significance) for review and acceptance by management does not impair audit independence (PCAOB Interim Ethics section ET .05.101-3). The PCAOB asserts that the term “mis-statements” should be understood to include “omission and presentation of inaccurate or incomplete disclosures”… Read More »Enter the PCAOB

The Case for Blockchain in the Financial Audit

The Case for Blockchain in the Financial Audit Trends in professions change often. With the advent of technology and its introduction, in particular to accounting,It seems to be changing at an exponentially fast rate. Even more specifically to audit, blockchain(ing) is the new big thing. As I contemplate the human connection of the audit team, my first thought is if blockchain is becoming more of the norm, won’t it replace auditors? As I have read… Read More »The Case for Blockchain in the Financial Audit

Seven Signs of Audit Integrity

Seven Signs of Audit Integrity The difference between good and great. We can usually tell the difference. And likewise it is in the corporate audit world. A good auditor can rattle off the accounting policies and quality control standards. A great auditor will use these to advocate for the success of your firm. But coming into an audit can be very intimidating and auspicious. If you are the CEO, CFO or on the audit committee… Read More »Seven Signs of Audit Integrity

Navigating an IRS Audit

Navigating an IRS Audit In the month of April there are usually two things on Americans minds, 1) Easter and 2) April 15: TAX DAY! And the IRS is waiting with their hand out (as well as state tax agencies.) Depending on which side of the coin you are on, tax season can be full of anxiety and angst or bring a sigh of relief when the amount of the return is announced. Being able… Read More »Navigating an IRS Audit

5 Tax Changes You May Need to Plan for in 2018

Approximately 239 million tax returns are filed each year, and many would agree that the current tax system is outdated. As Republicans aim to pass the first tax system overhaul in three decades, you can expect some tax changes for your 2018 tax return. In this article, you’ll learn what you can expect based on what we know about the changes so far. Ready? Let’s get started. 1. Deductions Recently, the IRS announced that the standard deduction will rise… Read More »5 Tax Changes You May Need to Plan for in 2018

Top Five Ways the New Tax Law Affects You

There is no need to be frightened, however. Though this new law will absolutely affect you, there is nothing to be scared of. We’ve put together this list of five ways that the new tax law affects you so that you can be prepared going into this new tax period. Read on to learn how you might be affected. No Personal Or Dependent Deductions The first thing about the new tax law that you need… Read More »Top Five Ways the New Tax Law Affects You

Four things we recommend for Filing Your Tax Returns in Boise, ID

Tuesday, April 17th is inching ever-closer, which can only mean one thing: Tax Day is nearly upon us. If you’ve already filed your taxes, good work! But an article published by Time suggests that most of us aren’t quite as on the ball, choosing to wait until the last minute. Not to worry, there’s still time to get the best tax returns Boise can offer! Here are four tips you can use when filing your taxes… Read More »Four things we recommend for Filing Your Tax Returns in Boise, ID

Top 5 Reasons Small Businesses Need Tax Preparation in Boise

Are you panicking at the thought of handling tax preparation for your small business in Boise? Did you know that most small businesses make finance mistakes by not focusing on the bottom line and saving on taxes? Seeking professional tax preparation can be an enormous weight off the shoulders of a business team. Read on to learn the top 5 reasons small businesses need tax preparation in Boise! 1. New Businesses Need Tax Prep Help A small… Read More »Top 5 Reasons Small Businesses Need Tax Preparation in Boise

6 Reasons Your Business Needs CPA Services

For many small business owners, filing your taxes by April 15th can be a nerve-wracking day if their finances aren’t in order. CPA services should be the first major step in keeping your finances in order. What are some of the reasons you should consider hiring a CPA? Keep reading to find the 6 reasons your business needs CPA services to be successful in 2018. They Are Extremely Qualified Compared to a bookkeeper or even an accountant,… Read More »6 Reasons Your Business Needs CPA Services

Tax Return Identity Theft: How To Stay Safe

Brace yourselves; tax return identity theft season is here. A stunning 15 million people get their identities stolen every year, costing victims around 50 BILLION dollars. Scammers are out in full force looking for ways to get ahold of your valuable social security number. You need to do everything in your power to make sure that they stay out of your accounts and away from your identity. Luckily, there are some ways that you can protect… Read More »Tax Return Identity Theft: How To Stay Safe

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