Most types of life insurance policies reported flat to negative growth rates, year over year, in the first quarter of 2018. However, annualized premiums rose by 10% for variable universal life, which can offer stock market participation and premium flexibility. Close behind (up 8%) were...
Because most physicians have no background in business management or accounting, medical practices can be easy targets for occupational fraud. But at a time when reimbursement rates are being squeezed, the last thing your practice needs is employee theft. Here are the risks and how...
Small businesses often use the cash-basis method of accounting. As businesses grow, they usually convert to accrual-basis reporting for federal tax purposes and to conform with U.S. Generally Accepted Accounting Principles (GAAP). Starting this tax year, the Tax Cuts and Jobs Act (TCJA) has increased the...
A shortage of skilled workers is a real concern in some of the nation’s largest industries. If you fear your business could find itself struggling to fill positions, one way to lay the groundwork for a solution is to create an apprenticeship program. Apprenticeships are paid...
Many people think of life insurance as a product for family protection. The life of one or two breadwinners is insured; in case of an untimely death, the insurance payout can help with raising children and maintaining the current lifestyle. Once the children are able to...
You have most likely heard the old business cliché ‘cash is king.’ And it is true: a company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors, or simply executing its own strategic plans. One way...
If your non-profit is contemplating a merger or acquisition with another organization, you have a lot of work ahead of you. One of the most daunting challenges is keeping leaders focused and invested in the process. Most non-profits are run by both board members and...
If you are charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains...
If your company is tired of being a fraud target, it is time to train employees how to recognize and uncover unscrupulous activities — before irreparable damage is done. Here is how. Enlist an expert A forensic accountant can conduct on-site, broad-based training for employees in the...
In recent years, environmental, social, and governance (ESG) issues have become a hot topic. Many companies voluntarily include so-called ‘sustainability disclosures’ about these issues in their financial statements, but should the Securities and Exchange Commission (SEC) make these disclosures mandatory and more consistent? Identifying ESG issues The...