Tax-Favored Ways to Build Up a College Fund
If you are a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take advantage
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Collective Impact Projects Find Strength in Numbers
Collective impact projects are collaborations between non-profits, government, businesses, and communities with the goal of achieving challenging and complicated social objectives. They can succeed in ways that simply are not
Do Not Assume Your Profitable Company Has Strong Cash Flow
A dangerous assumption that many business owners make is that, if their companies are profitable, their cash flow also must be strong. But this is not always the case. Taking
Members of the Sandwich Generation Find Themselves in a Unique Situation
The “sandwich generation” is a large segment of the population. These are people who find themselves caring for both their children and their parents at the same time. As a
Using Your Financial Statements to Evaluate Capital Budgeting Decisions
Strategic investments — such as expanding a plant, purchasing a major piece of equipment, or introducing a new product line — can add long-term value. But management should not base
The IRS has Announced 2022 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose
Keeping Your Loyalty Program Safe from Fraud
To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers,
Many Parents Will Receive Advance Tax Credit Payments Beginning July 15
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue
Making the Decision to Hire New Non-Profit Staffers
Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of Labor Statistics. However, that is
Are You Ready for the Return of Trade Shows & Other Events?
With vaccination rates rising and the more severe effects of the pandemic trending downward, several industries have announced in-person trade shows for later this year. Meanwhile, over the summer, businesses