Peer Review
Our Latest Peer Review Report
CurrentNews:
H.R. 4853 – Gift Tax Exemptions Extended for the Next Two Years
June 27, 2011
As part of Obama’s Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 wealthy individuals will have the ability to gift $5 million (or $10 million for a married couple) without having to pay a gift tax. In today’s economic environment where asset values and interest rates are very low, the time is optimal to create credit shelter trusts, use lifetime gifts or implement GRATS to take full advantage of tax exemption before it expires in 2012. Please contact us today to find out more about the opportunities available to you.
Peer Review
What Is a Peer Review?
A peer review is a periodic outside review, performed by another accounting firm, of a CPA firm's quality control system in accounting and/or auditing. Peer reviews are intended to maintain and improve the quality of the accounting and/or auditing services performed by CPA firms.
All Washington CPA firms that provide audit, review or compilation services are required by both the WSCPA and the American Institute of CPAs (AICPA) to have a peer review every three years in order to maintain a firm license.
Latest Monson & Bass Peer Review Report
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We have complied with professional standards by having our firm reviewed every three years. The reviews on our firm have always resulted in the highest level result that can be achieved.
