Look To Your Balance Sheet As A Strategic Planning Tool
The balance sheet is more than a static report. Yes, it shows your company’s financial condition by pinning its assets against its liabilities, but it can do so much more
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Use A Crummey Trust To Leverage Your Gift Tax Annual Exclusion
The mechanics of a Crummey trust may seem technical, but the concept is straightforward. A Crummey trust provides a key tax benefit of an outright gift excluding some of the
Commit To Delegation For The Success Of Your Organization
For many non-profit leaders, the new year provides a natural opportunity to reset priorities, refine leadership habits, and recommit to practices that strengthen both their organization’s mission and their team.
Casualty Loss Tax Deduction For Disaster Victims
Severe storms, flooding, wildfires, and other disasters affect millions of taxpayers every year. Across the country, taxpayers experience casualty loss as a result of damage to their homes or personal
Customize Discount Rates In Business Valuations
Discounted cash flow (DCF) techniques are often used by valuation professionals to determine the value of a business or to estimate economic losses. The cost of capital, or the rate
Tax Deductible Business Expenses: What Qualifies For 2025?
Now is a good time for businesses to begin gathering information about their tax deductible business expenses for 2025, with the year now in the rear view mirror and the
Evaluate Key Person Risks Like An Auditor
The skills and personal attributes of a company’s leaders are often critical to the company success. This includes everything from technical know-how to charisma and innovation. However, some of these
Expanded HSA Eligibility: New Guidance From The IRS
One widely offered employee benefit is sponsoring a high-deductible health plan (HDHP) along with Health Savings Accounts (HSAs). The One Big Beautiful Bill Act (OBBBA) expanded HSA eligibility for many
Five Steps for Addressing Your Elderly Parents In Your Estate Plan
Addressing your elderly parents in your estate plan with clarity and sensitivity is key when creating or updating it. Your plan must reflect realities such as providing financial support, sharing
Benefits Of Debt Restructuring For Your Business
For most small and midsize businesses, debt is inevitable. Most companies use loans to fund their launches, expansions, equipment purchases, and cash flows. Problems often arise due to the terms