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Don’t Forget Income Taxes When Planning Your Estate

As a result of the current estate tax exemption amount ($12.06 million in 2022), many estates no longer need to be concerned with federal estate tax. Before 2011, a much

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Putting A Price Tag On Intangible Assets

Intangible assets — such as patents, copyrights, and trademarks — are essential to the operations of many companies, but they’re rarely reported on the balance sheet. And even when they’re

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Five Ways Your Financial Institution Can Stop Employees From Colluding In Fraud

By: Andy Clemens, CPA, CIA What happens if two or more individuals in your financial institution collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE) 2022

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2022 Q4 Tax Calendar: Key Deadlines For Businesses & Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2022. Keep in mind, this list isn’t all-inclusive, so there may be

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Open Enrollment: An Often-Missed Opportunity To Bolster Employee Engagement

By: Sara Choate, SPHR, SHRM-SCP There’s a chill in the air and evening sunlight is fading faster every day. It can only mean one thing. Pumpkin Spice Lattes? Bonfires? Football

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Using Agreed-Upon Procedures To Target Specific Items Of Concern

Your CPA offers a wide menu of services. One flexible offering, known as an “agreed-upon procedures” engagement, provides limited assurance on a specific aspect of an organization’s financial or nonfinancial

Should There Be New Tax Rules For Telecommuters?

During the initial pandemic lockdowns of 2020, many people learned for the first time what it was like to work from home. Not everyone loved it, but some employers and

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What Does “Probate” Mean?

The term “probate” is one you’ve probably heard and might associate with negative connotations. But you may not fully understand what it is. For some people, the term conjures images

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What Makes Charitable Donors Give?

People give to charity for many reasons — to make a difference, give back, reduce their tax burden, or even impress their peers. These many motivations can be frustrating for

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Sometimes Businesses Need To Show Customers Tough Love

“We love our customers!” Many businesses proclaim this at the bottom of their invoices, in their marketing materials, and even on the very walls of their physical locations. Obviously, every