Kevin J. Hedrick

No Time to Lose: OVDP to End in September

What is OVDP? The Offshore Voluntary Disclosure Program (OVDP), the IRS program that has offered relief from criminal penalties to taxpayers who report previously undisclosed overseas assets, will end on September 28, 2018. After that, taxpayers with undisclosed foreign financial assets could face significant jail time in addition to... Read more

Reconciliation Problem Resolved with Strategic Accounting Services

Situation Overview: The president and CEO of a utility management company had a reconciliation problem. “My company manages utility billings and water conservation services. Our deposits include utility payments that aren’t ours to keep as well as our income. We struggled for about 10 years with how to properly reconcile... Read more