Blog
What is an Agreed Upon Procedures (AUP) engagement and does your business need one?
In certain circumstances, businesses may need to hire CPAs to perform agreed-upon procedures (AUPs) instead of (or in addition to) a review or an audit. AUPs are a type of attestation engagement “in which a practitioner performs specific procedures on subject matter and reports the findings without providing an opinion
DWC CPAs and Advisors Named a Top 300 Public Accounting Firm
Christopher L. West, CPA, PFS DWC CPAs and Advisors is honored to be recognized by INSIDE Public Accounting (IPA) as a Top 300 Firm in the nation. IPA ranks public accounting firms nationally by U.S. net revenues, and they are compiled by analyzing over 625 responses for IPA’s
Managing Risk in Your Portfolio
Risk can be defined as the potential for market losses or, on a more relative basis, for not keeping up with the Joneses. During a roaring bull period, when indexes and average investments are soaring, falling far behind the Joneses exemplifies another kind of risk. Risk-Return Ratio How many units
DWC Announces Firm Promotions
DWC CPAs and Advisors is pleased to announce the following promotions. We congratulate these exemplary professionals as they represent our core values of integrity, quality, and community investment and core purpose to help our clients, people, and communities to be better. Mark W. Plantz, CPA, to Principal Mark holds an
Bookkeeping Pitfalls for Small Businesses to Avoid
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools. 1. Commingled Bank Accounts It’s important to maintain a separate dedicated
DWC Professional Attains ACMA, CGMA Designations
DWC CPAs and Advisors is pleased to announce Senior Bookkeeper Darby Russell, ACMA, CGMA, has attained the Associated Charter Management Accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations, awarded by the American Institute of Certified Public Accountants in association with the Chartered Institute of Management Accountants. Professionals with CGMA
DWC Principal Chris Allen Featured in National Industry Leadership Article
DWC Audit Principal Chris Allen was recently featured in an accounting leadership article in INSIDE Public Accounting Monthly. The article focuses on growth mindset and the connection between leadership, personal growth, and helping others to grow. Read the full article: Cultivating Success, The Role of a Growth Mindset in Accounting
Structuring Business Assets Purchase for Best Tax Results
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you want the best results possible after taxes. You can potentially structure the purchase in two ways: Buy the assets of the business, or Buy the seller’s entity ownership
DWC Honors Retiring Principal with Accounting Scholarship
DWC CPAs and Advisors is announcing the retirement of Donna M. Hardy, CPA, CVA. With deep admiration for Donna's four decades of dedication to public accounting, the firm is honored to commemorate her legacy in a special way. In recognition of Donna's outstanding contributions and heartfelt appreciation for her own
Turning Your Hobby Into a Business
Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn your sewing or photography skills into an income-producing business. You probably won’t have any tax headaches if your new business