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If you’ve previously obtained a formal business valuation for your business, you may be tempted to reuse it for another purpose. While that approach may appear to save time and
Shareholders may provide funds to their businesses outside of their initial investment or regular capital contributions. These transfers, commonly referred to as shareholder advances, can raise an important accounting question:
Private-sector employers with at least 20 employees may be subject to Consolidated Omnibus Budget Reconciliation Act (COBRA) regulations. This federal law generally requires certain group health plans to offer temporary
The death of a spouse can bring difficult personal and financial decisions, including how to file federal income tax returns for the year of death. In many cases, a surviving
For decades, businesses have used bank lockbox services to support faster collections and reduce the administrative work involved in processing customer checks. While the basic concept remains the same, today’s
Annual campaigns and grassroots fundraising remain important for non-profits, but relationships with major donors can create opportunities that smaller gifts alone may not support. For many organizations, the key is
Disability insurance can be a valuable employee benefit because it may replace a portion of your income if you become disabled under the terms of your policy. Many policies replace
Many small businesses begin as sole proprietorships because the structure is simple and cost-effective to establish and maintain, while giving the owner direct access to business profits without formal distributions.
Accounts receivable is essential to steady cash flow, which makes it a critical asset for your business and a potential target for fraud. When payment receipt, recording, and reconciliation processes
As a small business owner, you’re responsible for both issuing an accurate paycheck and withholding, paying, and reporting an assortment of taxes every time you pay your employees. The key
Mismanaged or misplaced assets can quietly drain profits and disrupt operations, whether its laptops, tablets, power tools, or safety equipment. Your business can connect its physical property to its financial
Homeowners with large estates may be looking for ways to preserve family wealth while decreasing future estate tax exposure as property values continue to rise. A qualified personal residence trust
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