Using Buy-Sell Agreements to Plan for Ownership Transitions
Do you own an interest in a closely held or family-owned business? A buy-sell agreement can be an important part of your estate plan. This agreement outlines how your ownership
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When Leaders Override Controls: How To Reduce Executive Fraud Risk
Occupational fraud can occur at any level of an organization, but misconduct by owners and senior executives can be especially costly. These individuals often have greater authority, broader access to
Non-Profits: Considerations Before Launching A Capital Campaign
A capital campaign can help non-profits move an ambitious goal closer to reality, but the size and scope of the effort may cause hesitation. These campaigns are not limited to
Balancing Traditional, Roth, & Taxable Retirement Savings
Contributing as much as possible to tax-deferred retirement accounts such as traditional 401(k)s and IRAs is a common recommendation. Contributions generally are pretax or deductible, and the power of tax-deferred
Trading Goods Or Services? Bartering Is Still Taxable
Trading goods or services without exchanging cash has long been common among small businesses with some even using online barter exchanges to help facilitate trades. Such transactions may help preserve
Consider This Before Reusing A Business Valuation Report
If you’ve previously obtained a formal business valuation for your business, you may be tempted to reuse it for another purpose. While that approach may appear to save time and
Are Shareholder Advances Classified As Debt Or Equity?
Shareholders may provide funds to their businesses outside of their initial investment or regular capital contributions. These transfers, commonly referred to as shareholder advances, can raise an important accounting question:
COBRA Notices & Premium Payments: Employer Responsibilities
Private-sector employers with at least 20 employees may be subject to Consolidated Omnibus Budget Reconciliation Act (COBRA) regulations. This federal law generally requires certain group health plans to offer temporary
Filing A Final Joint Return After Losing A Spouse
The death of a spouse can bring difficult personal and financial decisions, including how to file federal income tax returns for the year of death. In many cases, a surviving
Lockbox Services & Electronic Payments: What Businesses Should Consider
For decades, businesses have used bank lockbox services to support faster collections and reduce the administrative work involved in processing customer checks. While the basic concept remains the same, today’s