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4 Ways to Prepare for Next Year’s Audit 

Every fall, CPAs are busy preparing for audit season, which generally runs from January to April each year. This includes meeting with clients, assigning staff and scheduling fieldwork.  Likewise, organizations with calendar year ends should prepare...
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Shareholder Advances: Debt or Equity? 

From time to time, owners of closely held businesses might need to advance their company’s money to bridge a temporary downturn or provide funds for an expansion or another major purchase. How should those advances be classified under U.S. Gene...
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