What Can Your Business Do About Residual Risk?
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
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Is Your Organization Adequately Educating Employees About Retirement?
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,
The Offsetting Rules: Here’s What You Need To Know
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
How Can you Reduce Your Company’s 2023 Tax Bill? Here Are Five Strategies.
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.
Have Your Funeral Arrangements Been Made Or Discussed Your Wishes?
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
What Are The Options For Your Non-Profit To Get The Financing It Needs?
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
Two Financial Statement Options For Businesses
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
Here Are The 11 Exceptions To The 10% Penalty Tax On Early IRA Withdrawals
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
Caution: These Business Valuation Faux Pas Can Be Costly In Buy-Sell Agreements
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
Do The IRS’ 2024 Cost-Of-Living Adjustment Numbers Affect Your Year-End Tax Planning?
The 2024 cost-of-living adjustments were recently release by the IRS for more than 60 tax provisions. As inflation has moderated slightly this year compared to last, many amounts will increase