FAQ Category

What Is the Difference Between a Compilation, a Review and an Audit?

September 24, 2021

The level of service is determined by your needs as the client, and what your creditors and/or investors require. The higher the level of service required, the more time the CPA needs to complete the engagement and therefore the more costly the engagement. While privately held companies opt for compiled or reviewed statements, credit agreements…

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Record Retention Guide

April 5, 2018

Federal Law Tax Requirements The federal tax laws require taxpayers to maintain books of account or records to support amounts reported on tax returns. The general rule is that such books and records must be kept as long as they may be relevant to a taxpayer’s claim for a tax credit or refund or to…

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