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Should You Include Estate Planning Strategies In Your Family Business’ Succession Plan?

Distinctive challenges can arise when it comes to succession planning for family-owned businesses. The difference between ownership and management succession needs to be defined, for example. When a nonfamily business

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The Difference Between A Springing A Nonspringing Power Of Attorney

Most people think of estate planning in terms of what happens to your children and your assets when you die. However, of equal (or possibly more) importance is having a

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Will The New Accounting Standard Affect Your Non-Profit?

The new accounting standard from the Financial Accounting Standards Board (FASB) will take effect mid-December, 2022, and it could require action from your non-profit. Accounting Standards Update (ASU) No. 2016-13,

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What You Need To Know About Individual Retirement Account (IRA) Withdrawals

When you reach age 72, withdrawals must be taken out of your traditional IRA (including a Savings Incentive Match Plan for Employees IRA or simplified employee pension IRA). You can’t

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Review Your Tax Situation Before Filing Season

Tax law is never simple. But you can prepare for the April 15 deadline by reviewing the past year and seeing what’s coming. And the first thing to know, is

Is A C Corporation Right For Your New Business?

Launching a new business venture requires you to choose the right business type. What form is the most suitable for your business? Here we’ll take a closer look at C

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Find Out What Job Candidates Might Be Hiding

Reference checking company, Checkster, reports that 78% of job candidates misrepresent (or have considered misrepresenting) themselves during the hiring process. In addition, ResumeLab, a career advice company, found that 56%

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Should You Bring In The New Year With New Accounting Practices?

Often when ann organization gets to a certain size, their practices can stay the same for a long period of time. The same can be said for many organization’s accounting

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The IRS Addresses “The Family Glitch”: What You Need to Know

Applicable large employers (ALEs) must offer essential health care coverage to full time employees. Under the Affordable Care Act (ACA), this applies to their dependents as well. A penalty may

The Clock is Ticking on 2022 Tax Saving Strategies

As we approach year end, it’s time to consider planning strategies that may help lower your taxes for this year and next. What strategy makes the most sense for you?