Starting in 2015, employers, plans, and insurers with 50 or more full-time or full time equivalent employees are subject to the new Affordable Care Act requirements for additional reporting and taxes. The Internal Revenue Service (IRS) created Form 1095-B Transmittal of Health Coverage Information and Form 1095-C Employer-Provided Health Insurance Offer and Coverage, for this More >

The upper chamber of the Canadian Parliament has passed Bill C-377, which amends the Income Tax Act to require that labor organizations and labor trusts provide significant financial information for public disclosure. The new law’s requirements, which will look familiar to labor organizations in the United States, will force public- and private-sector unions to disclose More >

Now mandatory in the 2015 tax year, Form 1095-B is a health insurance tax form which reports participants and dependents covered as well as the type and period of coverage.  The form must be completed in early 2016, to report data for 2015.  Form 1095-B is used to verify on participant’s individual tax return that More >

If you’re reading this article you are probably very aware of the magnitude of fraud committed against tax-exempt organizations every year.  However, what often goes unreported is the amount of additional costs incurred as a result of the fraud.  More>

As you are most certainly aware, fraud and more importantly fraud prevention, has become a major concern of anyone charged with financial oversight.  A key element of any organization’s internal control environment is the development and implementation of controls and processes to assess the risk from fraud.  In order to properly develop these controls it More >

Whether it is your first audit, first time being the main contact for the audit or you are a seasoned audit veteran, the thought of an audit can be daunting. Not only are you being asked to complete your daily duties but you are also be asked to devote a plethora of time and effort More >