Under just about any circumstances, the word “leakage” has negative connotations, and this indeed holds true for retirement planning as well. In this context, leakage refers to early, pre-retirement withdrawals
Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced when the pandemic first hit — are obvious, while others
If you made large gifts to your children, grandchildren, or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in
When divorcing spouses own a private business interest, it complicates the settlement process. The value of a business isn’t necessarily as straightforward as the values of other marital assets. And
If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you on trips. The rules for
On February 4, the Department of Labor, IRS, and Department of Health and Human Services issued additional frequently asked question (FAQ) guidance addressing the terms and conditions under which group
The first page of audited financial statements is the auditor’s report. This is an important part of the financials that shouldn’t be overlooked. It contains the audit opinion, which indicates
If you’re concerned about the impact of transfer taxes on your gifts, consider making ‘net gifts’ to your loved ones. A net gift is simply a gift for which the
By now, most business owners view technology upgrades as inevitable. Whether hardware or software, the tech your company relies on to operate will need to change slightly or even drastically
Many employees have embraced the opportunity to work from home during the pandemic — but not all of them. Some workers have experienced feelings of disconnection and isolation. So, if
