Local Savings are the key to maintaining a viable cooperative. You hear it from us in every audit meeting report, from the bank, and at management and director training programs you attend. The percentage of local savings is the key factor in determining a cooperative’s profitability.

The “Fiscal Cliff” deal extends beneficial key cost recovery provisions. Bonus depreciation, which was set to expire December 31, 2012, was extended to qualified properties acquired and placed in service prior to January 1, 2014.

You may have noticed in the past few years that your annual audit seems to take longer than it once did. Changes in accounting and auditing standards, increased disclosure requirements, and the unprecedented growth of our clients are causing us to spend more time planning, documenting, and completing our audit procedures than ever before.

In todays always-online, technology-driven business environment, keeping information secure is more important than ever before. This is especially true for any business that holds the personal information of their employees and patrons in their systems. Businesses need to be concerned with the security of their computer networks as well as the record keeping policies and procedures that employees must follow.

1. Does the person who handles incoming cash receipts also record transactions? 2. Is a cash register used in the business? 3. Is a bank lockbox used for processing customer payments? 4. Are deposits made daily and secured prior to depositing in a safe?

Save the date for our free seminar on cyber liability and crime! When: Tuesday, April 30th, 2013 from 10 AM- 12 PM Where: Hilton Garden Inn, 8600 Northpark Drive, Johnston, IA 50131 RSVP: [email protected] We hope to see you there!