Form 5500 Extended Filing Deadline Coming Up

We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.

Form 5500 Extended Filing Deadline Coming Up

October 2, 2019

Form 5500 Extended Filing Deadline Coming Up

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 15.…

‘Tis the Season for Government

June 12, 2019

‘Tis the Season for Government

As we are staring into our season of performing Government and Not-for-profit audits and tax filings, the State of Illinois has been…

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

October 1, 2018

What You Need to Know About Implementing the Changes of ASC 606: Revenue Recognition

What is ASC 606: Revenue from Contracts with Customers? In an effort to standardize how companies and industries recognize revenue, the FASB’s…

New Reporting Standard for Not-for-Profit Entities

September 20, 2018

New Reporting Standard for Not-for-Profit Entities

A new standard has been released for not-for-profit entities on August 18, 2016 (ASU 2016-14, Not-for-Profit Entities (Topic 958). The changes are…

Form 5500 Extended Filing Deadline is Fast Approaching!

September 6, 2018

Form 5500 Extended Filing Deadline is Fast Approaching!

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 15th.…

Ten Red Flags That Could Result in an Audit

March 12, 2018

Ten Red Flags That Could Result in an Audit

It is a common theme among tax filers to want to reduce their tax bill. However -- it is extremely important that…

PCAOB Identifies Three Areas with Most Frequent 2016 Audit Issues

November 22, 2017

PCAOB Identifies Three Areas with Most Frequent 2016 Audit Issues

The PCAOB Board inspectors have identified three areas where audit deficiencies were most frequent in 2016.  The areas with most common deficiencies…

How Audits Can Improve Business Performance

November 2, 2017

How Audits Can Improve Business Performance

Many companies and organizations are required to have an audit performed each year. Most people view audits as a compliance function: auditors…

Form 5500 Extended Filing Deadline is Fast Approaching

October 4, 2017

Form 5500 Extended Filing Deadline is Fast Approaching

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 16,…

Forest Fires and Internal Controls

August 9, 2017

Forest Fires and Internal Controls

Authored by Greg Douglas, Senior Manager  I recently had the opportunity to travel to Colorado with a group from my church to…