SDK’s plans regarding COVID-19

As we navigate responding to the pandemic over the next few days and weeks, the safety of our teams and clients will be our priority. We will work to put systems in place and utilize all the tools available to continue working.

Lack of Internal Controls create opportunities for fraud or theft

Internal controls are an important part of a business and the lack of internal controls can lead to devastating consequences for a company.  Not only do internal controls help protect the company’s financial and management data, but there are also various regulations and industry standards that require reliable financial reporting particularly with public companies.

New Form W-4 for Employees for 2020
2020 brings changes related to Form W-4, Employee’s Withholding Certificate, that is filled out by employees to determine how much federal income tax is deducted from their paychecks. After big changes to the tax code and how federal income tax liability is calculated for tax returns in 2018, the Internal Revenue Service is finally catching up by making changes to this form which determines an employee’s withholding on their paychecks.