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Investing In The Future With A 529 Education Plan

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named

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Worried About An IRS Audit? Prepare In Advance.

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if your return is among those selected to be examined. In

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Business Valuations Needed For Private Stock Donations

Charitable contributions can be an effective way to lower taxes for the current tax year, but they don’t necessarily have to be made with cash. Charities also welcome donations of

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Stay On The Lookout For Presenteeism

Employers have been advised for years to beware of ‘presenteeism’ and its often slow-developing negative effects on an organization. Obviously, a regularly absent employee isn’t getting much work done. But

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FASB Proposes Last-Minute Changes To Lease Accounting Rules

Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and

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If You’re Moving Out Of State, Review Your Estate Plan

Are you planning to move to a different state? It may be due to a change in jobs, a desire for a better climate, an opportunity to downsize, or to

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Lost Your Tax-Exempt Status? Here’s How To Regain It.

So, you forgot to file your non-profit’s Form 990, 990-EZ, or 990-N with the IRS. It can happen — particularly with newer organizations that are still trying to get a

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Formalizing Your Business’ Bring-Your-Own-Device Policy

When the pandemic hit about two and a half years ago, thousands of employees suddenly found themselves working from home. In many cases, this meant turning to personal devices to

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Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit

When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also

Year-End Tax Planning Ideas For Individuals

Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning