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.
A trust protector is a person or advisor appointed to oversee certain aspects of a trust and respond when circumstances change. Depending on the trust document, a trust protector may
Inventory management strategies can support cash flow by helping businesses reduce excess stock, lower carrying costs, and align purchasing or production with customer demand. Strategies such as just-in-time inventory management
It’s not uncommon for non-profits to face financial challenges. It even happens to organizations with healthy fundraising, as they can’t always know if the money is going to arrive when
Something that should evolve with your business is your strategic planning practices. Strategic planning is not just a one-time or once a year thing. Instead, regularly reviewing your plan helps
Employee classification is more than an HR detail. It affects payroll, overtime, recordkeeping, employee expectations, and compliance with the Fair Labor Standards Act (FLSA). For employers, one of the most
An assumption often made by parents about the so called “kiddie tax” is that it only applies to minors, while some parents may not even know it exists. However, the
The value of goodwill becomes a contentious issue when a marital estate includes a closely held business. In this case, goodwill is an intangible asset that can have substantial value.
It’s common to have questions about deducting business expenses on your federal income tax return if you’re self-employed. Take a look at five self-employed tax deductions that are commonly overlooked
Employers have faced shifting federal overtime rules in recent years, but on May 14, 2026, the U.S. Department of Labor’s (DOL) Wage & Hour Division restored the 2019 overtime framework
In financial reporting, U.S. Generally Accepted Accounting Principles (GAAP) is widely perceived as the “gold standard.” For example, public companies are required to issue GAAP financial statements and a recent
For those with estates large enough that gift and estate taxes are a concern, grantor retained annuity trusts (GRAT) can be valuable estate planning tools. A GRAT allows you to
For organizations that have served their communities for many years, non-profit mission drift often happens gradually. Organizations often adapt their programs and services to stay relevant as a community needs
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