Blog

ASC 606 could potentially change the way your company records revenue and structures deals and contracts.

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Like other small operations, family offices tend to lack policies and procedures for preventing fraud. 

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Four states, led by New York, filed a lawsuit against the U.S. Department of the Treasury and the IRS seeking to prevent the Treasury and the IRS from enforcing the SALT deduction limitation.

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Phishing attacks continue to be some of the most popular methods of cyber attack, representing at least 90% of cyber attacks worldwide. Even organizations with dedicated cyber defense budgets, such as financial services organizations and healthcare providers, find themselves challenged by phishing attacks. 

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The American Bankers Association (ABA) and other financial trade groups are pushing Congress to implement strong national data security standards and data breach notification requirements. Their goal is consistent enforcement of a national standard for consumer protection, instead of the current patchwork of security laws that vary from state to state.

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Kenneth Porras of Kaufman Rossin talks about his involvement with Good Karma Pet Rescue, a foster-based organization that finds loving homes for abandoned dogs and cats. 

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Fraud in most organizations, whether commercial or not-for-profit, is not totally preventable. When entrepreneurs or senior managers recognize and acknowledge that fraud could occur in their organization, their attention will likely shift to fraud detection.

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With regulatory uncertainty still looming due to changes in the senior leadership and agendas of many federal agencies, the opportunity to get insight from bank regulators about current trends in consumer compliance examinations and enforcement is invaluable to banks looking to understand their risk exposure and prioritize implementation projects.

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The U.S. Supreme Court’s landmark decision in the Wayfair sales tax case has far-reaching implications for consumers and businesses of all kinds, not only online retailers.

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If blockchain has so much potential and promise, why hasn’t it impacted more businesses yet? Here’s a look at some of the possible applications and obstacles for blockchain.

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The process of recording cash activity is arguably one of the most important parts of interim accounting for any business, but it can also be one of the most time-consuming. QuickBooks Online has several features to help make this process more efficient.

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How detailed should internal audit reports be? What information should be included? Is it even necessary to issue a written report? Leaders on Kaufman Rossin’s Chief Audit Executive (CAE) Advisory Council gathered recently to discuss these questions and other reporting matters.

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Recent regulatory enforcement actions against financial institutions have cited the lack of a detailed and complete risk assessment related to Bank Secrecy Act (BSA) and anti-money laundering compliance (AML) compliance programs.

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Public companies may be facing increased regulatory scrutiny regarding the effectiveness of their disclosure controls and procedures surrounding cybersecurity risks.

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The QuickBooks Self-Employed mobile app features advanced mileage tracking capabilities, helping self-employed individuals who are always on the go better manage their business and finances.

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Oscar Enriquez shares top takeaways from this year’s regulators panel at FIBA's Anti-Money Laundering (AML) Compliance Conference.

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Kaufman Rossin’s Cary Valdes-Perez and Robert “Bobby” Glick talk about their involvement with Zoetic Stage.

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The IRS recently provided guidance on the Section 965 transition tax impacting international businesses. Here’s what you need to know about the new transition tax – from tax rates to return deadlines.

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Some businesses can expect to pay a new transition tax while learning to navigate a newly established quasi-territorial tax system, in addition to taking a new income category and deduction into account.

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Like many large businesses, banks started to feel some of the effects of The Tax Cuts and Jobs Act almost immediately. The impact on the banking industry from a decrease in the value of tax-deferred assets was particularly significant.

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Kaufman Rossin’s Harriet Cohen talks about her niece’s involvement with Knight-Thon.

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