Tax, Audit and Management Resources
Practical articles by Walker & Armstrong professionals to help business owners, CFOs,
association executives and individual taxpayers.
Uniform Guidance: A
Post-Implementation Recap Auditees, auditors and regulators can
move forward with a more modernized accounting of federal awards, increased
efficiency and an improved audit process.
Governance Considerations With sound governance especially
critical in a time of scarce resources, these guidelines are offered to help
not-for-profits establish and monitor effective boards.
Considerations for Not-for-Profits Among financial managers and
not-for-profit staff, understanding basic concepts of internal control is nearly
universal, but implementing an effective internal control structure can be
Storing Tax Records: How Long
Is Long Enough? The three-year rule applies to many business and
personal tax records, but in some cases records must be retained for up to six
years or longer.
Compliance Auditing and
Preparation for Single Audit You can substantially reduce the
complexity and distraction of a single audit via effective preparation,
adherence to internal controls, and implementation of certain key steps that
promote audit quality.
UBIT: A Short Primer for Not-for-Profit
Entities Income from activities outside your tax-exempt purpose
may be subject to
“unrelated business income tax.”