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How The Federal Government’s Thrift Saving Plan Can Affect You In 2023

The IRS announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most

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Putting Accountability Into Practice

At its base, “accountability” means taking responsibility for outcomes — both good and bad. One common byproduct of accountability is that results are more likely to be positive than negative.

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Estate Planning Vocab 101: Executor & Trustee

Among the many decisions you’ll have to make as your estate plan is being drafted is who you will appoint as the executor of your estate and the trustee of

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Reinforce Your Cybersecurity Defenses Regularly

If you’ve been in business for any amount of time, you probably don’t need anyone to tell you about the importance of cybersecurity. However, unlike the lock to a physical

The Effect Of Inflation On Your 2022 & 2023 Tax Bills

The effects of inflation are all around. You’re probably paying more for gas, food, health care, and other expenses than you were last year. Are you wondering how high inflation

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Finding Comparable Transactions To Use In Business Valuation

The market approach is an intuitive way to value a private business interest. It bases the subject company’s value on sales of other similar businesses or business interests, which are

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Inflation Means You & Your Employees Can Save More For Retirement In 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to

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New Accounting Rules For Supplier Finance Programs

Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes

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Handle Problematic Employees With Care

When your organization hires someone, it’s important to ensure the individual is both qualified for the position and a good fit for your mission and culture. No matter how hard

Should You File A Joint Tax Return For The Year Of Your Spouse’s Death?

The death of a spouse is a devastating, traumatic experience. When it happens, dealing with taxes and other financial and legal obligations are probably the last things on your mind.