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Three Issues To Consider After You File Your Tax Return

The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed

Six Key IT Questions To Ask In The New Normal

The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on technology. Some companies fared better than others. Many businesses

An Advisory Board Can Complement Your Non-Profit’s Board Of Directors

Your non-profit has a board of directors — so why would it need an additional advisory board? There are a few reasons. Some organizations assemble advisory boards to provide expertise

Estate Planning Considerations For Adopted Children & Unadopted Stepchildren

If you have adopted children or unadopted stepchildren, estate planning is critical to ensure that your property is distributed the way you desire. Adopted Children Adopted children are placed on

Reporting Embedded Leases

In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of the guidance that is especially

IRS Guidance On Coronavirus-Related Retirement Plan Distributions

In Notice 2020-50, the IRS recently provided guidance on ‘coronavirus-related distributions’ from retirement plans under Section 2202 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Here are some

‘Reputable’ Professionals May Turn to Money Laundering During COVID-19 Crisis

With COVID-19 still raging in much of the country, the opioid crisis may not be the top public health challenge on most Americans’ minds. However, according to the American Medical

Businesses: Get Ready For The New IRS Form 1099-NEC

There is a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, ‘Nonemployee Compensation,’ to report any

Does Your Business Have A Unique Selling Proposition?

Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their strengths. One way to

Using Smart Software to Detect Fraud

Machine learning increasingly is being used to discover fraud schemes. With this type of artificial intelligence (AI), the technology learns or improves in accuracy through experience, rather than through additional