Offshore Bank Account Tax Reporting: What You Need to Know

Did you know that having financial interests in foreign financial accounts totaling $10,000 or more at any point during the tax year triggers a filing requirement with the US Department of Treasury?  Did you know that having no ownership over or financial interest in these accounts, but having signature authority over a foreign account owned
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Top reasons a small business needs a financial statement audit

Small business owners, controllers, CFOs, and CEOs often ask whether their company needs audited financial statements.  Many times the answer is not a simple yes or no: it depends. Here are some of the top reasons you may need an audit: