My Internship with ADKF
Choosing ADKF for my internship was a no-brainer for me because they are a public accounting firm that is truly with you all the way. They really want their interns to do well, and they helped me grow into my Paraprofessional Internship role. The precautions that have been put into place to keep everyone safe […]
Broker-dealer Audits and Compliance
Securities broker-dealers took a hit when the $65 billion Ponzi scheme run by investment advisor, Bernie Madoff, surfaced in December 2008. An unregistered audit firm had been signing off on Madoffs financial statements without asking questions for at least 17 years. This led to any securities broker-dealers which traded publicly traded securities to be required […]
Employee Based Rewards – Gift Cards: What You Need to Know
Whether it be for the holidays, employee anniversaries, or just to boost morale, many employers will at some point consider giving their employees gifts or creating a reward plan. While these plans or gifts are certainly smart practices in terms of improving employee satisfaction, employers should understand the various tax implications associated with these awards. […]
Homeowners Associations, Whats In It For Me?
Before you throw out the idea of paying association dues to maintain the common areas of your neighborhood, take a hard look at some of the things Homeowners Associations (HOAs) do for their owners. HOAs can keep the neighborhood common areas maintained and looking good for both the current owners and potential buyers for […]
Do You Have a Foreign Reporting Requirement?
Many individuals have broadened their investment horizons beyond the U.S. boarders, but how do you know if you need to report certain foreign activities to the IRS? Lets talk about the basic requirements and thresholds. There are two possible forms to complete to report your foreign accounts: (1) Foreign Bank Account Report and/or (2) Statement […]
How to Prepare for Your Financial Statement Audit
As your organizations year-end approaches, you may be starting to stress about all the year-end procedures that need to be completed. Preparing for your year-end financial statement audit can add to the stress. Whether your organization is new to the audit process or has already participated in an audit, proper planning and preparation can make […]
Gift-in-Kind: FASB Enhances the Transparency Over for NFPs
We have a time of year when we clean out our closets or garage. What do you do with all the stuff you are no longer using? Most of us donate the items to one of our local non-profits. You may also respond to a call to action from a local non-profit to donate new […]
Fixing-Up your Building
During this last year, there were some facets of life for which we learned to have an appreciation. As exciting as it is to order take-out from your couch or scroll through items while shopping on your smart device, theres something special about walking through the doors of a local business. Perhaps its the greeting […]
Client Spotlight on WaterFleet
At ADKF, we pride ourselves on the relationships we develop with our clients. We grow with them and are proud to be their trusted advisors. Because of how important our clients are, we want to share their stories. For this quarter, we interviewed accomplished CPA, co-founder, and Chief Financial Officer of WaterFleet, Allison C. Pyle. […]
Maximize the Benefits of Linked Bank Accounts in QuickBooks Online
Linking your bank and credit card accounts to your QuickBooks Online (QBO) account can be a great time saver if done correctly. It also has the advantage of preventing typographical errors. It is like being able to copy and paste all the transactions from your bank statement to your books. QBO has a protective […]