If you are in the planning stages or just getting your entrepreneurial endeavor off the ground, you may feel as though an IRS audit is not something to worry about just yet. While your chances of being audited may be relatively low, planning as if you will hear from the IRS could help you survive just such a challenge.
Business owners of any size company can get themselves into hot water by keeping sloppy records, making last-minute transactions, blurring the lines between business and personal purchases or separate corporate entities, and other complex business arrangements. The best way to make sure that your intentions align with your actions is by keeping meticulous records and gaining knowledge of the IRS audit process from day one of your business. To get your business started the right way, consult with a Gordon Advisors professional on audit protection. The objective of an audit is to provide reasonable assurance that financial statements do not contain material misstatements. Audits differ from reviews and compilations because they entail an intensive examination of your Company’s systems and records in order for us to provide the highest level of assurance.
Our team of audit professionals possess experience, integrity, and flexibility in every engagement we perform.
- Clients include small- to medium-sized closely held businesses
- Active involvement of senior management in all phases of our engagements
- Low employee turnover creates cohesiveness in engagements
- Extensively specialized industries served
Employee Benefit Plan Audits
At Gordon Advisors, P.C. we strive to perform the highest quality audit possible. To do so, commitment and years of experience in this field are necessary. Employee benefit plan audits (EBPA) can be complex, which is why we have a group at Gordon Advisors who possess the specialized skills essential to complete the audit in compliance with federal Employee Retirement Income Security Act (ERISA) requirements. We stay up-to-date with the most recent ERISA standards and changes to regulations that may affect your firm’s employee benefit plan audit.
Our knowledge allows us to help organizations from small to large in a variety of industries and with unique benefits packages, get the customized services they need. With more than 30 years of experience, the head of our Employee Benefit Plan Audit group, Paul Arment, CPA and Shareholder is able to lead the EBPA team to maximize the efficiency and quality of every audit we deliver to you, your plan administrator and your human resources staff. Jill Knop, CPA and Senior Manager has over 15 years of experience auditing employee benefit plans. Along with the rest of the team, Paul and Jill receive extensive, continuing specialized training to stay ahead of changes in federal regulations as well as new developments.
As members of the American Institute of Certified Public Accountants’ (AICPA) Employee Benefit Plan Audit Quality Center we are held to higher standards by voluntarily agreeing to the Center’s membership requirements. The AICPA Quality Centers’ requirements include designating a responsible partner responsible for our EBPA division, establishing quality control programs, performing an annual inspection of internal procedures and making our peer review report findings available to the public.
Services the EBPA Team at Gordon Advisors provides include:
- 401(k) plans
- Profit Sharing Plans
- Defined Benefit Plans