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.
Whether you’ve already made charitable contributions this year or are considering making them before year end, it’s important to understand the tax rules and benefits for the different types of
Every important business decision requires a strong foundation of financial information. Accurate data allows you to make decisions confidently, whether your goal is to improve cash flow, launch a new
Recently, the IRS has made a midyear mileage rate increase to the standard rate for business vehicle use. This includes cars, SUVs, vans, pickup trucks, and panel trucks. Rates apply
For an employer, one effective way to attract and retain skilled workers is by offering a variety of employee benefits. A popular benefit among employees with families is employer-provided child
To determine the fair market value of a business or business interest, business valuation professionals use three approaches. The first approach is the income approach which derives value from the
Business owners have access to more financial and operational data than ever before. However, this creates the challenge of identifying which information is insightful and sharing it in a way
Employee bonuses can be a meaningful way to recognize performance, reward retention, or share company success. However, bonus payments also create payroll tax questions for employers and employees, especially when
Across the United States, the Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities. Last year, tax law changes were enacted that made changes to
A good tool that helps non-profits balance today’s funding needs with tomorrow’s financial stability is a non-profit spending policy. Review your current approach now to evaluate if it supports your
Whether it’s a lottery prize, gambling winnings, or other awards, it’s easy to focus on the excitement of a big win. However, federal tax law generally treats these things as
Effective fraud prevention begins at the top with the board of directors. Engaged audit committees or advisory boards help to protect your organization form the risk of internal and external
For even the most organized small business owners, tax problems can still occur. These small business tax issues can be stressful, especially when penalties and interests begin to add up.
Our CPAs and advisors are a great resource if you’re ready to learn even more.
