Appelrouth Farah & Co.

05/07/2025

03/03/2022

Your nonprofit’s board needs to know these financial warning signs. Read the full article -

Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced when the pandemic first hit — are obvious, others are...

03/02/2022

Can you deduct the costs of a spouse on a business trip? Learn more -

If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for...

03/01/2022

Why is the IRS Sending Me This?!? Learn more -

In a recent announcement, the IRS is telling taxpayers it’s turning off some of its automated notices. Here is what you need to know. Background With the pandemic, incredibly late...

02/28/2022

To Our Clients and Friends - Following several months of planning, due diligence, and preparation, we are pleased to announce that effective March 1, 2022, the partners and staff of Appelrouth, Farah & Co., P.A. will join the professional services firm of Citrin Cooperman.

Our partners and staff will continue to work out of the main office in Coral Gables, as well as our locations in Sunrise and Key West, and our name will change to Citrin Cooperman. Josh Rader will continue to serve as the managing partner of the South Florida offices in Coral Gables, Sunrise, and Key West, and the partners and staff who currently provide service to you, will continue to do so without interruption. Read more on our blog:
https://www.appelrouth.com/appelrouth-farah…citrin-cooperman/

02/28/2022

4 levels of audit opinions. Read more -

The first page of audited financial statements is the auditor’s report. This is an important part of the financials that shouldn’t be overlooked. It contains the audit opinion, which indicates...

02/25/2022

Keeping your nonprofit’s remote workers connected. Learn more -

Many employees have embraced the opportunity to work from home during the pandemic — but not all of them. Some workers have experienced feelings of disconnection and isolation. So if...

02/24/2022

Ideas to Improve your Cash Flow. Read the full article -

For years Amazon lost money on their financial statements but appeared to be unfazed by the negative financial press. Why? Their laser beam focus was on cash flow! Here are...

02/22/2022

Making withdrawals from your closely held corporation that aren’t taxed as dividends. Read the full article -

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution...

02/17/2022

Common Tax Increase Surprises. I did not owe that last year! Learn more -

Picture this: For the past few years you’ve received your tax return and have had a small but nice refund. Now imagine your surprise, when this year, you are required...

02/16/2022

Take your financial statements to the next level. Read the full article -

Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be...

02/15/2022

Walking a tightrope? ERM can help. Learn more -

If risk wasn’t a nagging concern for nonprofits before the pandemic, it certainly is now. Health risks to staffers, volunteers and clients, and financial threats, including declining donations and increased...