Don’t Delay – Get To Work On Your Estate Plan
Creating an estate plan is often seen as important but not urgent, leading many to postpone it indefinitely. Recognizing the reasons behind this procrastination can help you identify and overcome
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Cross-Train Your Employees For A More Agile Company
Agility is key in today’s economy, where uncertainty reigns and businesses must be ready for anything. Highly skilled employees play a huge role in your ability to run an agile
Qualified Charitable Distributions Are A Win-Win for Donors & Non-Profits
After reaching age 73, individuals with traditional IRAs generally are mandated to start taking required minimum distributions (RMDs). However, they have the option of making qualified charitable distributions (QCDs) to
Employee Termination Checklist: Final Pay, PTO, & Compliance Tips
Terminating an employee—whether voluntary or involuntary—comes with legal and financial responsibilities for employers. While the federal Fair Labor Standards Act (FLSA) provides some guidance, the specifics often depend on your
Do You Qualify For A Tax Deduction On Your Medicare Premiums?
If you’re 65 or older and have basic Medicare coverage, you might need to pay extra premiums for more comprehensive insurance. These additional costs can add up quickly—especially for couples,
Why Would Managers Direct Employees To Commit Fraud?
One often overlooked aspect of workplace fraud is that not all employees do it for personal gain. Sometimes, it’s driven by loyalty, fear, or the mistaken belief that they’re helping
Possible Changes To The Deductibility Of R&E Expenses Included In The One, Big, Beautiful Bill
The tax treatment of research and experimental (R&E) expenses is a critical issue for U.S. businesses, particularly small to midsize companies focused on innovation. Under current tax law, the ability
ERISA Responsibilities for Employers: Plan Documents & Summary Plan Descriptions
Most employer-sponsored retirement and welfare benefit plans are subject to the federal Employee Retirement Income Security Act (ERISA). These include health insurance coverage and qualified retirement plans. ERISA requires applicable
Why Do Auditors Contact Third Parties for Confirmations?
If your organization’s financial statements are audited, chances are your auditor will send out external confirmations. These information requests may be sent directly to your customers, vendors, banks, attorneys, and
Using an Employee Stock Ownership Plan (ESOP) for Strategic Business Exit & Estate Planning
If you’re the owner of a closely held business, much of your net worth is likely invested in the company. To preserve that wealth for your family after your exit,