downeycocpa

Tax Relief/Job Creation Act of 2010

On December 16, 2010, the US House of Representatives approved the US Senate's version of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The President is expected to sign the bill next week. The bill's total cost to... Read >

A Guide to a 401(k) Audit

As a plan sponsor you may be required to engage a CPA firm to perform an audit of your 401(k) plan. This guide has been prepared to assist plan sponsors in preparing for the annual audit of their 401(k) plan. The early completion of the key items outlin... Read >

Dealer’s Profitability Surges in 2010

Since 2007, U.S. car and light truck sales are averaging 11 million units on an annual basis. This is woefully below the figure of 16.7 million realized in the year 2006. Why then are many dealers recording higher profits than they did back in 2006?... Read >

Tax Implications of Healthcare Reform

Whatever your thoughts are on the healthcare legislation that has passed, everyone has to agree that it is expensive. The Congressional Budget Office estimates that the legislation will cost $950 billion over a ten year period. Healthcare reform comes ... Read >

Strategies to Prevent Fraud

A study conducted in 2006 by the Association of Certified Fraud Examiners (ACFE) revealed that 87.9% of perpetrators of fraud have never been charged or convicted of a felony. In addition, the ACFE found that 36.8% of frauds occur in private companies, an... Read >