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Is an S Corporation the Best Choice of Entity for Your Business?

Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for

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New Law Tax Break May Make Childcare Less Expensive

The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the credit available for expenses a taxpayer pays

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COBRA Provisions Play Critical Role In COVID-19 Relief Law

During the COVID-19 pandemic, many employees and their families have lost group health plan coverage because of layoffs or reduced hours. If your business has had to take such steps,

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Whistleblower Policies Protect Both Staffers & Your Non-Profit

According to The NonProfit Times, only 41 percent of non-profits have whistleblower policies. Perhaps non-profit leaders believe their organizations are too small or collegial to worry about illicit activities —

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A Revocable Living Trust Works Only if Properly Funded

A revocable living trust is often used to complement a will. For instance, you might transfer specific securities to the trust. Notably, these assets generally do not have to go

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Cafeteria-Plan DCAPs Get Temporary Boost from COVID-19 Relief Act

Many employers use cafeteria plans to offer employees a menu of benefits from which to choose. Under Section 125 of the Internal Revenue Code, participants in a cafeteria plan must

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Four Ways to Improve the Effectiveness of Your Audit Committee

Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider

Need a New Business Vehicle? Consider a Heavy SUV.

Are you considering buying or replacing a vehicle that you will use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit

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Be Careful When Claiming ‘Made In USA’

Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website

How to Ensure Life Insurance is Not Part of Your Taxable Estate

If you have a life insurance policy, you may want to ensure that the benefits your family will receive after your death will not be included in your estate. That