Part of our job as advisors is explaining important issues in the simplest possible terms and laying out possible strategies and solutions. We’re not looking to confuse you—we’re here to enlighten you and expand your understanding. Bookmark this page or subscribe to our weekly newsletter for a steady stream of helpful articles.
One of the most effective and easiest internal controls for private businesses is bank reconciliation. Bank reconciliation helps to ensure that your financial records are reliable and free from errors
Due to changes in federal retirement law, annuities as a benefit have recently gained attention. However, their use in workplace plans remains limited. The Plan Sponsor Council of America published
In estate planning, one unique tool is a family limited partnership (FLP). An FLP allows you to manage and protect your wealth while gradually transferring it to your children or
Compared to siloed teams, cross-functional sales teams that collaborate with other departments often perform more effectively. Utilizing feedback and support from employees with varied skills and knowledge bases helps your
Non-profits that are well-established often have loyal supporters, stable operations, and a good reputation. However, just because an organization is well-established, doesn’t mean it doesn’t face its own set of
Each year, until the contribution deadline, you can contribute up to the annual limit to a traditional or Roth IRA, or a combination of the two. For 2025, the IRA
For most organizations, closing their books on December 31 for accounting and tax purposes makes the most sense. But just because it aligns with the calendar year, doesn’t mean it’s
In a fraud context, the term “lulling” refers to techniques fraud perpetrators use to prevent suspicious businesses or individuals from asking questions, getting angry, or even going as far as
Separating business and real estate ownership is a strategy many businesses use by holding property in a separate entity, such as a limited liability company (LLC) or limited partnership. Structuring
Month-end close process efficiency is critical for organizations aiming to produce accurate financials on time. The close process often requires coordination across finance and accounting (F&A), operations, sales and payroll,
Estate planning for intellectual property is an important consideration when intangible assets make up a meaningful portion of overall wealth. While estate plans often focus on real estate, investments and
Last year’s One Big Beautiful Bill Act (OBBBA) created a new but temporary special depreciation deduction allowance for qualified production property (QPP). Certain manufacturing related real property placed in service
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