We have seen an increase in market volatility in early 2018. A steep pullback in stocks could be good news for working people who are building retirement funds, but those approaching or recently beginning retirement might be hurt. Historically, stock market setbacks have proven to be...
Funny thing about customers: they can keep you in business but they also can put you out of it. The latter circumstance often arises when a company overly relies on a few customers that abuse their credit to the point where the company’s cash flow...
Below are a few of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2018. Keep in mind this list is not all-inclusive, so there may be additional deadlines that apply to you. Contact us to make sure you are...
To help fight crime, including terrorism, money laundering, and identity theft, federal laws and regulations require banks and other organizations to ‘know’ their customers. Know-your-customer (KYC) programs entail verifying customer identities and assessing risks associated with them. However, even if your company is not required...
2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally Accepted Accounting Principles (GAAP) can be complicated, especially if the deal involves intangible assets. Fortunately, the Financial Accounting Standards Board (FASB) offers a reporting alternative...
It is easy to get frustrated when an employee is failing to produce the volume or quality of work you are looking for. A business owner or department manager may even give in to the temptation to play the blame game, pointing a finger at...
The Tax Cuts and Jobs Act of 2017 has affected the tax deduction for interest paid on home equity debt as of 2018. Under prior law, you could deduct interest on up to $100,000 of home equity debt, no matter how you used the money....
The amount of money your non-profit raises in fundraising campaigns is meaningful but so is how efficiently you are able to raise it. Such costs can be measured using two metrics: cost ratio and return on investment (ROI) – each are discussed below. Find a formula These...
Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned. The middle of the year is...
The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA did not repeal these taxes, it did significantly reduce the...