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.
When many small to midsize businesses are ready to sponsor a qualified retirement plan, they encounter a common obstacle: complex administrative requirements. As a business owner, you no doubt already
To save money, it may be tempting to perform your non-profit’s accounting tasks internally. However, if your staff is inexperienced and not properly trained, mistakes are likely to occur —
They say age is just a number — but in the world of tax law, it’s much more than that. As you get older, the IRS treats you differently because
Almost all (98%) of respondents to a recent survey conducted by Creditsafe expressed concern about being victimized by vendor fraud. Unfortunately, most business owners and managers aren’t well informed about
In May 2025, the U.S. Census Bureau reports there were nearly 447,000 new business applications. The bureau measures this by tracking the number of businesses applying for an Employer Identification
Although footnote disclosures appear at the end of reviewed or audited financial statements, they’re far more than a regulatory formality. They provide critical insight into a company’s accounting policies, unusual
One of the smartest strategies you can adopt when estate planning is to reduce or avoid probate. Probate is a legal process where the court validates your will, assesses the
What’s the most important software for your business? Initially, you might think of the system you rely on to produce or sell your products or services—and rightly so. But your
Reliable income streams are invaluable—especially during times of economic uncertainty, when members and donors may hesitate to renew or continue monthly contributions. If you’ve seen a decline in memberships or
College can be a significant expense. The average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year, according to the College Board. While
Valuing a private business requires a tailored approach, particularly when selecting the appropriate standard of value. Applying the wrong standard can lead to disputes, tax and accounting issues, litigation risk,
If you’re claiming deductions for business meals or vehicle expenses, be prepared for detailed inspection from the IRS. These deductions are often flagged for review, especially when documentation is lacking
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