Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or ‘target’) amount of
Employers that sponsor employee benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) face many challenges. Not the least of these is cybersecurity. In an effort to
Fraudulent behavior is not necessarily perpetuated by people hiding their identities. For example, legitimate customers sometimes use the credit card chargeback process to their advantage — and to the disadvantage
Many businesses use independent contractors to help keep their costs down. If you are among them, make sure these workers are properly classified for federal tax purposes. If the IRS
Before the COVID-19 pandemic hit, the number of people engaged in the ‘gig’ or sharing economy had been growing, according to several reports. And reductions in working hours during the
As states open for business and the need for social distancing recedes, your non-profit organization may want to think about scheduling an in-person retreat for your board of directors. Members
For businesses, so much has changed over the past year or so. The COVID-19 pandemic hit suddenly, and companies were forced to react quickly — sending many employees home to
If you and your spouse have similar irrevocable trusts that benefit each other, it is important to know that the trusts might be subject to the ‘reciprocal trust’ doctrine. In
On January 6, 2021, the U.S. Department of Labor (DOL), then under the Trump administration, announced a final rule regarding the employee-versus-independent-contractor standard under the Fair Labor Standards Act (FLSA).
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to ‘fair value.’ Examples of assets that may currently be reported at fair value
