Audit & Assurance
We provide an unbiased look at your financial and operational situation with our Audit and Assurance services for nonprofit and privately held organizations.
Audit & Assurance Services include:
- Audits, reviews and compilations
- Financial statements—audits, reviews, compilations
- Agreed upon procedures
- Internal audits
- Internal policies assurance
- Retirement plan audits
- Audit committee consulting
- Forecasts and projections
We offer specialized audit and assurance teams with in-depth experience in affordable housing, nonprofit organizations, financial institutions, healthcare providers and retirement plans.
We are committed to the highest standards in performing quality audits. Our commitment to quality and to the profession is illustrated by our participation as a reviewer in the American Institute of CPAs Peer Review Program.
We are proud to hold membership in the top industry assurance organizations:
The AICPA represents the CPA profession nationally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations.
The CAQ is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets.
The EBPAQC is a voluntary membership organization for firms that perform ERISA employee benefit plan audits, established to promote the quality of employee benefit plan audits.
“Accounting is really about people and building rewarding relationships.”
— Fritz Duncan, CPA, Partner & Shareholder
Audit & Assurance Team
Fritz Duncan, CPA
Partner and Shareholder
Sara Hummel, CPA
Director of Quality Control
Evan Dickens, CPA
Partner and Shareholder
Jon Newport, CPA
Partner and Shareholder
Kari Young, CPA
Sarah Fantazia, CPA
Mathew Hamlin, CPA
Get in touch with us.
Friday September 8th, 2017 – The Construction team at Jones & Roth CPAs and Business Advisors was honered to attend the Surety Association of Oregon (SAO) sponsored Par-Tee at Top Golf in Hillsboro. Sureties, insurance agents, attorneys and accountants, met for golfing fun to hit balls assigned using microchip technology into targets. The more accurate the shot and the farther the distance, the more points earned. And of course drinks and appetizers only added to the entertainment. It was a fantastic event, and a success in its mission to bring us together as professionals and get to know one another better.
SAO is a professional non-profit trade association for those engaged in the surety industry and related fields. Quarterly luncheon meetings and activities are held, with its most popular event being the Holiday Party where they feature and bring awareness to a local charity and hold a holiday raffle.
One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step.
If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year end. Because of tax-deferred compounding (tax-free in the case of Roth accounts), boosting contributions sooner rather than later can have a significant impact on the size of your nest egg at retirement.
A traditional 401(k) offers many benefits:
• Contributions are pretax, reducing your modified adjusted gross income (MAGI), which can also help you reduce or avoid exposure to the 3.8% net investment income tax.
• Plan assets can grow tax-deferred — meaning you pay no income tax until you take distributions.
• Your employer may match some or all of your contributions pretax.
For 2017, you can contribute up to $18,000. So if your current contribution rate will leave you short of the limit, try to increase your contribution rate through the end of the year to get as close to that limit as you can afford. Keep in mind that your paycheck will be reduced by less than the dollar amount of the contribution, because the contributions are pre-tax so income tax isn’t withheld.
If you’ll be age 50 or older by December 31, you can also make “catch-up” contributions (up to $6,000 for 2017). So if you didn’t contribute much when you were younger, this may allow you to partially make up for lost time. Even if you did make significant contributions before age 50, catch-up contributions can still be beneficial, allowing you to further leverage the power of tax-deferred compounding.
Employers can include a Roth option in their 401(k) plans. If your plan offers this, you can designate some or all of your contribution as Roth contributions. While such contributions don’t reduce your current MAGI, qualified distributions will be tax-free.
Roth 401(k) contributions may be especially beneficial for higher-income earners, because they don’t have the option to contribute to a Roth IRA. On the other hand, if you expect your tax rate to be lower in retirement, you may be better off sticking with traditional 401(k) contributions.
Finally, keep in mind that any employer matches to Roth 401(k) contributions will be pretax and go into your traditional 401(k) account.
How much and which type
Have questions about how much to contribute or the best mix between traditional and Roth contributions? Contact us. We’d be pleased to discuss the tax and retirement-saving considerations with you.