Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you are considering a large gift, a non-cash donation such as appreciated real estate can provide additional benefits. For example, if you have...
What impression do your salespeople make on customers? That you are running a reputable business or that your company is a little shady? If your sales team is willing to say whatever it takes to land a sale, it could hurt your company’s good name....
Individuals: If you are not paying your 2017 income tax through withholding (or will not pay in enough tax during the year that way), pay the third installment of your 2017 estimated tax. Use IRS Form 1040-ES. Employers: For Social Security, Medicare, withheld income tax, and...
If your organization sponsors a 401(k) plan, you may have more flexibility than you think when it comes to setting eligibility rules for participants. Granted, the Employee Retirement Income Security Act of 1974 (ERISA) sets many rules for enrollment, but plan sponsors still have plenty...
Labor Day is a good time to focus on how your business pays employees. Payroll reporting does not have to be a laborious process. Consider using an outside company to manage your payroll function. Here is why payroll outsourcing may be beneficial and how a...
From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can have at their fingertips a wealth of stats-based insight into how their companies are performing — far beyond the bottom line on an...
Annual financial statements that have been audited by a professional auditor can help assure funders and lenders that your non-profit is financially sound. Here are three critical audit issues to understand when preparing financial statements: 1. The auditor’s role Auditors are responsible for expressing an opinion...
If your company does not have a retirement plan, or if you are not pleased with the one you have, this summary can help you see how these choices stack up. Safe harbor 401(k)s As 401(k) plans have gained popularity, many employees or prospective employees expect to...
At back-to-school time, much of the focus is on the students returning to the classroom and on their parents buying them school supplies, backpacks, clothes, etc., for the new school year. We cannot forget, however, about the teachers. It is common for teachers to pay...
Con artists with an affinity for big swindles often find the best pickings among members of their own demographic groups. Exploiting connections of race, religion, ethnicity, age, politics, profession, or other common bonds, some fraud perpetrators prey on the unwary in scams that can involve...