IKRG CPAs and Consultants, PC

03/13/2025

We recently completed an engagement with a company working with a new team for the first time in years. A fresh set of eyes uncovered opportunities to enhance their finances and accounts management. A proof that new perspectives drive growth and efficiency.

Thinking about a fresh look at your finances? Let’s talk. Small changes can lead to big improvements.

02/12/2025

From churches to charities and healthcare facilities, our CPA firm specializes in nonprofit accounting, audits and reviews, ensuring compliance and transparency so you can focus on your mission. Contact us today for more information.

https://www.ikrgcpa.com/nonprofit-audits/

12/19/2024

With the end of year approaching, businesses often rush to wrap things up. During the process, some common mistakes to avoid include:

🚫 Delaying financial reconciliations – Catching errors early makes year-end closing much easier.
🚫 Not tracking all revenue streams – Ensure you have clear records of income, including seasonal or project-based revenue.
🚫 Overlooking tax deductions – Review all potential deductions to avoid missing out on savings.
🚫 Neglecting to check internal controls – A quick review can help prevent errors and streamline processes.

Taking time now to tidy up these areas will save you time and stress, making your year-end and tax season smoother!

Need help wrapping up your year? We’re here to assist you!

12/09/2024

As we wrap up the year, it's a great time for nonprofits to take a closer look at their financials and get ready for 2025. 📅🔍

"Nonprofits don’t just manage finances—they build trust, accountability, and sustainability for their mission."

An effective audit can help your nonprofit in many ways:

➡️ Stay Compliant: Make sure you’re meeting all state and federal regulations.
➡️ Build Donor Trust: Clear and transparent financials attract more support.
➡️ Identify Risks: Spot potential issues in internal controls before they become problems, and identify corrective actions.
➡️ Strengthen Financial Health: Use audit insights to improve budgeting and planning.

If your nonprofit is due for an audit or you need guidance on year-end financial reporting, let’s connect! As a CPA firm, with experience in nonprofit audits, we can help your organization achieve financial clarity and prepare for a successful year ahead.

11/27/2024

As we approach the Thanksgiving holiday, we want to express our heartfelt gratitude. We are thankful for the incredible relationships we have built, the trust our clients place in us, and the opportunity to support the success of others.

This season reminds us to appreciate the little things, cherish time with family, and reflect on the blessings we have.

Wishing you all a peaceful and joyful Thanksgiving filled with gratitude and connection.

11/20/2024

A few interesting statistics from a QuickBooks survey:

➡️ Small businesses without accounting support could be missing out on $39k and 73 workdays annually!
➡️ 98% of small business owners say their accountant boosts their confidence.
➡️ 9 in 10 agree their accountant or bookkeeper helps their business grow.

An accountant doesn’t just manage numbers—they provide the clarity and insights to help your business thrive!

Is your business getting the support it needs? Let’s talk about how an accountant can drive your business forward!

10/24/2024

For small and medium businesses, reliable financial reporting is crucial. Here’s why you should consider these services:

➡️ Credibility: Boost stakeholder confidence with transparent and reliable financial reporting.
➡️ Fraud Prevention: Strengthen internal controls to protect against mismanagement.
➡️ Loan Readiness: Many lenders require audits or reviews to evaluate creditworthiness before approving loans.
➡️ Informed Decisions: Gain insights for better planning and operational efficiency.

Investing in these services can pave the way for success. Let’s connect to discuss how we can help your business thrive!

10/02/2024

Accurate accounting is the backbone of a successful business. If you’re feeling overwhelmed by numbers or struggling to keep up, it’s time to take action.

Here are a few signs your accounting needs fixing:
🔍 Inaccurate financial reports
📅 Missed tax deadlines
💸 Cash flow issues
🗂️ Disorganized records

Now is the perfect time to invest in proper accounting. Streamline your operations, save money, and gain valuable insights. Let’s turn your numbers into your greatest asset!

Contact us today to see how we can help you!

02/27/2024

The Tax season is here!

Whether you have an S Corp, C Corp, Partnership or LLC, we offer the best tax preparation services for your business tax return.

If you are a small business, and haven't kept up with your accounting, we can help you set up an easy system that allows you to keep your books in proper order throughout the year, so you don't have to struggle during tax time.

Connect with us today to know how we can assist you and your business!

12/08/2023

Not every charitable nonprofit is required to conduct an independent audit. Some nonprofits, because of the size of their annual budgets, or because of the sources of their funding, are required by state or federal law to conduct an independent audit. In Michigan, as per Mich. Comp. Laws § 400.273 Sec 3(2)(j) , a charitable organization with annual contributions of $500,000 or more must file an audited financial statement prepared by an independent CPA. A charitable organization with annual contributions less than $500,000 and at least $250,000 must file a financial statement that is either reviewed or audited by an independent CPA.

Contact us today for a consultation!

11/07/2023

Thinking of starting a new business but not sure about the type of structure that would work the best. The below IRS publication gives the basic details for decision makers.

11/01/2023

Glad to be associated with the Dearborn Area Chamber of Commerce. Looking forward to making new connections and serving the community!

Please welcome our newest Members of the Dearborn Area Chamber of Commerce! IKRG CPA's & Consultants!

Full service CPA firm providing services for Accounting - Taxation - Audit and Review - for Non Profits - Construction - Government entities.

With more than 30 years of combined experience, we excel in all accounting, assurance, and advisory services.

Our team leaders are Certified Public Accountants and maintain highest ethical standards

Our commitment to continuing education and training enables us to stay current with industry development.

We combine our understanding of your business with our knowledge, expertise, and experience to tailor our
services to your specific needs. IKRG CPAs and Consultants, PC