Recently, the IRS announced several inflation-adjusted federal income tax amounts. Here’s an overview of the amounts most likely to affect small businesses and their owners. Rates & Brackets If you
If business owners and executives regularly analyze risk, they can better understand and manage the likelihood and potential impact of fraud. Generally, inherent and residual are the two types of
In today’s workforce, most employers are expected to provide a retirement savings plan for their employees. For many years, offering up the plan itself was simply the only expectation. However,
In the current uncertain economic landscape, companies delving into hedging strategies may find it necessary for management to familiarize themselves with the accounting regulations governing offsets. Here are the basics
As the year comes to a close amidst fluctuating interest rates and market dynamics, one constant remains: Reducing your business’ tax liability can improve your cash flow and bottom line.
A frequently overlooked element in estate planning involves the option to prearrange funerals. Thinking about mortality can be challenging for many individuals, leading them to postpone the consideration of their
Higher interest rates and stringent lending criteria pose challenges for even for-profit organizations seeking approval for bank loans. So, non-profit organizations, often lacking sufficient collateral or consistent cash flow, encounter
Accurate financial statements are critical for every business, and publicly traded companies must not only create these statements but also get them examined by an independent CPA. Audited financial statements
If you’re in the midst of a serious cash shortage, one possible consideration is to take an early withdrawal from your traditional IRA; meaning, before you’ve reached age 59½. For
Buy-sell agreements are an important tool for small businesses and professional practices where ownership is closely held. When businesses are bought or sold, the rules about how much the business
