The Tax Cuts and Jobs Act (TCJA) of 2017 was not officially focused on retirement planning, but it has had a major impact on the choice of retirement plans. After-tax plans, known as Roth accounts, may be more practical now. That can especially be true...
Outsourcing human resources can give your non-profit’s staff more time to spend on core duties and mission-driven programs and it may be cost-effective. Here are some suggestions if you are thinking about outsourcing part or all of your human resources (HR) tasks. First steps First, decide which...
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of decline and failure. Often, the demise of a company is driven by internal factors such as weak financial oversight, lack of management consensus, or one-person rule. External factors...
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. As to be expected, before you even open the doors, you generally have to spend a lot of money. You may have to...
To prevent occupational fraud from cutting into your auto dealership’s profits and generating negative publicity, you need a strong internal controls system. And effective controls start with current and accurate financial statements. It starts in accounting One sign of weak internal controls is an accounting department that...
Smartphone owners spend an average of two hours and 51 minutes a day on their devices. Including tablets, total usage averages four hours and 33 minutes a day. Yet, the United States trails Brazil and China in this area; combined smartphone and tablet usage in...
In good times, organizations often need to change to seize opportunities and keep up with demand. In bad times, they must change because, well, something has clearly gone awry. Whatever its cause may be, change can put great strain on an employer’s ability to accomplish...
An independent quality of earnings (QOE) report can be a valuable tool in mergers and acquisitions. It is important for both buyers and sellers to look beyond the quantitative information provided by the selling company’s financial statements. Quality matters There is a lack of guidance from the...
From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes. Your principal residence is a valuable asset, so you should be confident your homeowner’s insurance can protect you against multiple perils. Chances are, your first experience with homeowner’s coverage...
If your non-profit’s board is like most, its members lead busy lives. They may not get to every board meeting or perhaps they are able to attend meetings only via teleconference. That is why it is important to periodically bring everyone together in a relaxed...