Sentences with phrase «income credit audit»

Not exact matches

Claiming the Earned Income Credit can also heighten audit risk, said Tim Gagnon, assistant academic specialist of accounting at Northeastern University's D'Amore - McKim School of Business.

A few places to get started are by requesting and investigating your credit score, calculating your Debt - to - Income ratio, creating a budget, and performing a personal financial audit (think total assets and debts).

Sole proprietors with a Schedule C and those claiming the earned income tax credit have a higher chance of being audited because they have been used by dishonest people to cheat the system.

Completed audit engagements for various entities for Low Income Tax Credits, New Market Tax Credits, and Agreed Upon Procedures.

Professional Experience CMG Worldwide Inc. (City, ST) 5/2008 — Present Finance Manager • Oversaw finances of intellectual property law firm generating $ 6 - $ 12 million in annual revenue • Hired, trained, supervised, and reviewed junior accounting associates and support staff • Authored and implemented corporate and departmental budgets • Analyzed expenses and recommended strategies to cut costs while increasing efficiency • Tracked and managed expenditures of approximately $ 100,000 per week • Verified accuracy of all expenses and revenues ensuring precise financial records • Prepared income statements, balance sheets, and monthly, quarterly, and yearly financial reports • Assisted senior leadership and outside personnel with the annual corporate audit • Operated and maintained the computerized accounting system and all hard files • Monitored and documented employee expense accounts, credit cards, and purchase orders • Managed general ledger and various credit, checking, stock, and other corporate accounts • Created monthly clientele reports detailing expenses and revenues from each account • Proficient in Microsoft Money, Quicken, QuickBooks, Tax Cut, Turbo Tax, and other software