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December 2010

2010 Year-End Audit and Tax Planning Tips for Low-Income Housing Tax Credit Partnerships

Img_services_accounting As the holiday season approaches, we know that audit and tax season for calendar year-end entities is not far behind.  Being proactive in preparation for financial statement audits and tax return preparation is important in achieving a seamless and efficient audit process.   There are many things that can be done for an efficient audit and tax season that we can be thinking about as we’re approaching the year end.

The following is a list of items that owners and managers of low-income housing tax credit projects can look into now to help ensure reporting deadlines are met and to minimize the disruption to your day to day operations. 

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Practical IT Security - 10 Tips for Success


Information technology most likely plays a large role in the day to day operations of your property. There are several steps you and your employees can take to safeguard the electronic information of your properties.

A great article was recently written by David Hammarberg, our Director of IT. Dave’s article was recently published on our McKonomics blog, but here is a repost of the entire article.

The world of information technology has a great many facets. There are a variety of considerations relative to security, software, applications, operating systems, and other areas. However, regardless of the technology you're using, there are foundational areas that must be considered for any computing environment. These are the basics of security; these are the 10 tips for success.

1. Passwords

Passwords are vital to securing any access. A password is like a key or combination lock, the more complex the combination, the better a lock will be. Each password should be unique to the device, website, or asset you want to protect. What could happen if someone knew your password?  What-if scenarios will help you to decide how strong you want to make your password.

2. Antivirus and Malware

You do not want to have to have these on your computer. Period. What could go wrong if your computer was infected? How much time would you lose? When it comes to malware, prevention is far better than dealing with the problem after the fact. Install trusted antivirus software, run periodic scans, and train employees on web surfing and e-mail habits so you can help to prevent this problem from happening.

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