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Typically, goodwill impairment is a negative indicator. It potentially signals that an organizational combination failed to meet management’s expectations due to internal or external factors. In recent years, uncertain markets,
Annually, the IRS makes inflation-based cost-of-living adjustments (COLAs) to dollar limits applicable to many employer-sponsored fringe benefits for the upcoming year. In November, the tax agency published its COLAs in
When a person considers an “estate plan,” they typically think of a will. And there’s a good reason: The cornerstone of an estate plan is a well-crafted, up to date
For most business owners, devising and executing the right succession plan is challenging. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least
If you’ve reached age 70½, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD Basics
During busy seasons, your business may temporarily outsource some of its work to third-party contractors. Hiring contractors can be a cost-effective way to manage seasonal — or even ordinary — customer
As the year winds down, many employers have wrapped up open enrollment and are preparing to administer their 2025 benefits packages. One thing your organization should always keep an eye
For calendar-year entities, audit season is just around the corner. Understanding the types of source documents your audit team might request can decrease disruptions during audit fieldwork and improve your
If you’re a small business owner, managing health care costs for yourself and your employees can be challenging. Adding a Health Savings Account (HSA) can be one effective tool to
Family businesses often start out small with casual operational approaches. As such businesses grow, however, informal (or nonexistent) policies and procedures can become problematic. Employees may complain about unclear, inconsistent
With little effort, you can systematically reduce your taxable estate thanks to the annual gift tax exclusion. And while you typically don’t have to file a gift tax return, in some
In 2025, it’s likely that your non-profit organization has at least one special event planned. Whether it’s a formal dinner dance, holiday gift market, 5K run, industry conference, or other
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