Private companies often face specific audit findings that can affect both their financial integrity and operational efficiency. These findings, though common, can create significant challenges if not addressed promptly. Understanding and addressing these issues can go a long way in safeguarding an organization’s financial health and ensuring a smooth audit experience. Below are some of … Read more
Over the past few months, our firm has been actively involved in a wide range of community events, professional development opportunities, and volunteer initiatives. From gala dinners to hands-on service projects, our team has embraced every opportunity to connect, contribute, and celebrate with our partners and neighbors. We kicked off the season by stepping into … Read more
Elizabeth Brophy, CPA, joined ADKF in 2023 as an Audit Senior III, bringing with her a strong background in public accounting and a commitment to building relationships with clients. In January 2025, she was promoted to Audit Manager, a role she stepped into with confidence and a clear sense of purpose. Originally from Hattiesburg, Mississippi, … Read more
In todays hyper-connected environment, cyber threats arent just a concern for IT departments, theyre a daily reality for everyone, especially those working in finance and accounting. With sensitive financial data, vendor relationships, and payment responsibilities at stake, accountants and business professionals are prime targets for scams. Lets break down the most popular ways scammers are … Read more
Payroll can feel like a mystery. You input some information into payroll software and out comes a pay stub. If everything is set up correctly, employees receive direct deposits, the IRS receives its payments, benefits and child support are paid, and the process runs like a well-oiled machine. Until it doesnt. Having a basic understanding … Read more
Breaking Update: Due to a recent federal court order, FinCEN has made Beneficial Ownership Information (BOI) filings mandatory again, with a new deadline of March 21, 2025. Additional Reporting Deadlines: March 21: General Deadline for existing entities before January 1, 2024. March 21: Deadline for entities effected by Hurricane Beryl, despite previous extension. April 23: … Read more
Breaking Update: Due to a recent federal court order, reporting companies are not currently required to file Beneficial Ownership Information (BOI) with FinCEN. There is no liability for failing to file while the order is in effect, but companies may continue to voluntarily submit reports. Case History & Legal Developments: December 3, 2024: The case, … Read more
Breaking Update: A U.S. District Court has found the Corporate Transparency Act’s (CTA) reporting requirements likely unconstitutional, issuing a nationwide preliminary injunction that temporarily suspends the January 1, 2025, compliance deadline. The preliminary injunction suspends the reporting requirements of the CTA and its Beneficial Ownership Information (BOI). As a result, companies are not required to … Read more
This summer, our team has channeled its energy into making a meaningful impact, both within our community and our own firm. At ADKF, we believe in more than just providing exceptional service; we strive to build strong, lasting relationships with our clients and the communities they serve. This summer, we set out with a mission … Read more
At ADKF, we take great pride in serving a multitude of non-profit organizations. Not only is it a blessing to work with people whose core values closely align with ours, it is an honor to serve our community through and with them. When Meals on Wheels’ previous CPA engagement firm was sold to a national … Read more