Entries by Christine Chrysafidis

Why Your Private For-Profit Company Needs a Financial Statement Audit

Many private business owners view financial statement audits as a regulatory burden. However, an audit can actually serve as a strategic tool for organizations. An audit doesn’t just satisfy external requirements — it also can strengthen your company’s foundation and position you for growth. Some key reasons why an audit may be required or beneficial […]

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Navigating Tax Implications of Gambling Winnings

Gambling in the United States has evolved in recent years. The rising number of states legalizing sports betting, coupled with the introduction of new casinos across the country, has boosted exponential growth within the industry. According to the American Gaming Association, in 2022 alone, there were a staggering 1,011 casinos in the United States, generating […]

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Improving Organizational Integrity and Efficiency: The Importance of Internal Controls

Internal controls play a crucial role in the functioning of any organization, ensuring the integrity and accuracy of financial records, promoting accountability, and minimizing the risks of fraud. These controls encompass a set of policies and procedures designed and implemented by companies to maintain the reliability of their operations. By adhering to internal controls, organizations […]

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How the CARES Act Impacts Student Loan Payments

Most people associate The Coronavirus Aid, Relief, and Economic Security (CARES) Act with economic assistance for workers, families, and small businesses. However, the new federal law, passed as a response to the COVID-19 global pandemic, can also be helpful to those struggling with student debt. The recent legislation provides automatic suspension of principal and interest payments on federally held student loans through September 30, 2020.

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The Big Questions Every Accounting Student is Asking

An accounting degree offers graduates a wide range of career options and financial opportunities. However, being good at math is not reason enough (although it definitely helps) to pursue an accounting major while in college. Before you choose your course of study, it’s crucial to consider a few vital questions that all students should ask before making a final decision.

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