As companies increase their investments in social media marketing, many are seeking ways to make it simpler and more cost-effective. Here are some ways to take a measured approach. Pick your battles Many marketers have realized that their companies do not need to be on every social...
Once your 2018 tax return has been successfully filed with the IRS, you still may have questions. Below are brief answers to three questions that we are frequently asked at this time of year. Question one: What tax records can I throw away now? At a minimum,...
In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all fraud cases. Yet they caused a median loss of $850,000 vs. a median of $100,000...
Many organizations are adopting qualified transportation plans. Under these arrangements, employers contribute dollars toward mass transit expenses and allow employees to use pretax compensation reductions to pay for any additional qualified transportation expenses. A common conundrum of offering such a plan, however, is how to handle...
Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the period that have financial implications for the prior period or for the future. Here is...
The 2019 ‘tax season,’ during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the standard deduction, which has increased significantly, and fewer people are claiming itemized deductions, which have...
U.S. Generally Accepted Accounting Principles require non-profits to regularly evaluate whether there is ‘substantial doubt’ about their ability to continue as a going concern. This means that the organization will not soon liquidate its assets and cease operations. What does your management team do if...
It is every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised. And lawsuits might soon follow. No business owner wants to think about such a crisis, yet it is imperative that...
Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can be expensive, especially if you are married and both you and your spouse are paying...
Individuals: File a 2018 income tax return and pay any tax due by April 15 (if you live in Maine or Massachusetts, the filing deadline is April 17). If you want an automatic six-month extension of time to file the return, file IRS Form 4868,...