A smooth audit starts well before the fieldwork begins. Use this checklist to get your books, records, and team ready, and to avoid last-minute scrambles.
How to Prepare for a Successful Financial Statement Audit
If audit season makes you groan, you’re not alone. The word “audit” carries a lot of baggage, but a well-planned audit can be one of the most useful things that happens to your organization all year. Here is a practical guide to preparing, drawn from a GGFOA presentation on getting audit-ready.
Client Accounting Services: Finance Support Without the Overhead
Most growing businesses reach a point where the books can no longer be a side task. You’re up late reconciling accounts, a part-time bookkeeper is stretched thin, and nobody is sure whether the numbers are right until tax season. Client Accounting Services (CAS) exists for this moment.
Staying Ahead of GASB 87 & 96: Let Us Help Manage the Details
Lease and subscription arrangements can be easy to overlook—but keeping an accurate, up-to-date listing of lease and subscription liabilities is an important part of maintaining reliable financial records.
Our firm offers a nonattest service designed to help governmental clients stay organized and keep pace with the requirements of GASB 87, Leases, and GASB 96, Subscription-Based Information Technology Arrangements (SBITAs).
Non-profits: Guide to reporting in-kind donations
Securing in-kind donations is vital for any non-profit or charitable organization, but just as important is accounting for them properly. In June 2020, the Financial Accounting Standards Board introduced changes to the General Accepted Accounting Principles (GAAP) for documenting and presenting the value of in-kind donations in financial statements. This article provides an overview of the changes and what you need to know.
The October 15th Deadline: A Good Time to Get Ahead for Next Year or the Last Chance to Maintain Compliance
As the 2026 calendar closes in on the October 15th deadline, many plan administrators are unsure if their employee benefit plan requires an audit. Our team can help you determine if your plan requires an audit or if your plan is approaching the audit threshold for the first time. With this knowledge, we can either act quickly and efficiently to ensure your audit is completed before the October 15th deadline or work with you to ensure you are properly prepared for your first audit in 2027.
Does Your Georgia Nonprofit Need Reviewed or Audited Financial Statements for State Registration?
If your organization solicits or accepts donations in Georgia, there’s a good chance you have a registration requirement you may not know about — and a reporting obligation that scales with how much your nonprofit brings in.
Here’s what Georgia nonprofits need to know.
Rushton Recognized Among the Nation’s Top Accounting Firms by Inside Public Accounting
Rushton Recognized Among the Nation’s Top Accounting Firms by Inside Public Accounting
Elisabeth Baldwin named Managing Partner of Rushton Wealth Management
Rushton names Elisabeth Baldwin Managing Partner of Rushton Wealth Management
A quick guide on how to scan documents with your phone
What do your Taxes pay for?
What Do Your Taxes Pay For?
Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money.
The average household spends more on taxes than on groceries, clothing, or healthcare. In fact, 11% of our income, on average, goes to personal income taxes, which doesn’t include sales tax, property tax, Social Security payments, or Medicare payments. So, what do we get in return?1
The accompanying chart breaks down the $6.8 trillion in federal spending for 2024 into major categories. One of the biggest categories is Social Security, which consumes 22% of the budget. Defense takes 13% of the budget, and 13% goes to Medicare.2
Are taxes one of your biggest budget items? Take steps to make sure you’re managing your overall tax bill. Please consult a tax professional for specific information regarding your individual situation.
Pieces of the Federal Pie
Over half of 2024 federal spending was used for Social Security, Medicare, defense, and Medicaid.
Source: CBO.gov, March 20, 2025. Figures represent total outlays for the 2024 fiscal year, as reported by the Congressional Budget Office.
1. ValuePenguin.com, January 10, 2024
2. CBO.gov, March 20, 2025
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2026 FMG Suite.
Audit Readiness Checklist: 9 Steps to Prepare Before Your Auditors Arrive
A smooth audit starts well before the fieldwork begins. Use this checklist to get your books, records, and team ready, and to avoid last-minute scrambles.
How to Prepare for a Successful Financial Statement Audit
If audit season makes you groan, you’re not alone. The word “audit” carries a lot of baggage, but a well-planned audit can be one of the most useful things that happens to your organization all year. Here is a practical guide to preparing, drawn from a GGFOA presentation on getting audit-ready.
Client Accounting Services: Finance Support Without the Overhead
Most growing businesses reach a point where the books can no longer be a side task. You’re up late reconciling accounts, a part-time bookkeeper is stretched thin, and nobody is sure whether the numbers are right until tax season. Client Accounting Services (CAS) exists for this moment.
Staying Ahead of GASB 87 & 96: Let Us Help Manage the Details
Lease and subscription arrangements can be easy to overlook—but keeping an accurate, up-to-date listing of lease and subscription liabilities is an important part of maintaining reliable financial records.
Our firm offers a nonattest service designed to help governmental clients stay organized and keep pace with the requirements of GASB 87, Leases, and GASB 96, Subscription-Based Information Technology Arrangements (SBITAs).
Non-profits: Guide to reporting in-kind donations
Securing in-kind donations is vital for any non-profit or charitable organization, but just as important is accounting for them properly. In June 2020, the Financial Accounting Standards Board introduced changes to the General Accepted Accounting Principles (GAAP) for documenting and presenting the value of in-kind donations in financial statements. This article provides an overview of the changes and what you need to know.
The October 15th Deadline: A Good Time to Get Ahead for Next Year or the Last Chance to Maintain Compliance
As the 2026 calendar closes in on the October 15th deadline, many plan administrators are unsure if their employee benefit plan requires an audit. Our team can help you determine if your plan requires an audit or if your plan is approaching the audit threshold for the first time. With this knowledge, we can either act quickly and efficiently to ensure your audit is completed before the October 15th deadline or work with you to ensure you are properly prepared for your first audit in 2027.
Does Your Georgia Nonprofit Need Reviewed or Audited Financial Statements for State Registration?
If your organization solicits or accepts donations in Georgia, there’s a good chance you have a registration requirement you may not know about — and a reporting obligation that scales with how much your nonprofit brings in.
Here’s what Georgia nonprofits need to know.
Rushton Recognized Among the Nation’s Top Accounting Firms by Inside Public Accounting
Rushton Recognized Among the Nation’s Top Accounting Firms by Inside Public Accounting
Elisabeth Baldwin named Managing Partner of Rushton Wealth Management
Rushton names Elisabeth Baldwin Managing Partner of Rushton Wealth Management