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Cybersecurity budgets increased by 4% this year according to the 2025 Security Budget Benchmark Report. Their report, which is based on responses collected by IANS Research and Artico Search, surveyed
A term you might hear regarding responsibilities is “fiduciary.” But what does it even mean? And who does it apply to? Generally, fiduciary refers to the legal and ethical obligations
A powerful tool for consolidating and managing family wealth while reducing gift and estate taxes is family limited partnerships (FLP). These arrangements, however, are closely scrutinized by the IRS. This
As year-end approaches, calendar year entities that issue audited financial statements are gearing up for audit fieldwork. This includes tasks like closing their books, preparing schedules, and coordinating with external
The end of the year is a great time to revisit your gifting strategy. If you’re wanting to transfer wealth efficiently while reducing future estate tax exposure, a simple and
To keep pace with inflation, the IRS annually updates a range of employer provided fringe benefit limits. These limits are known as fringe benefit cost of living adjustments (COLAs). They
The One Big Beautiful Bill Act (OBBBA) brought a lot of new changes when it was enacted in July. One of those changes alters how tip income and overtime income
If you sponsor a 401(k) plan for employees, you understand it’s a lot to manage. But manage it you must. Under the Employee Retirement Income Security Act of 1974 (ERISA),
Even the most well-run companies are not safe from unanticipated crises. For small to midsize businesses, the risk is often greater, especially if the owner wears many hats. It’s important
Using and hiring independent contractors can help non-profits save money for a few reasons. The individuals pay self-employment tax, rather than your organization being responsible for their employment tax liabilities,
December doesn’t mean its too late to save taxes. Implement these strategies before December 31 to help reduce your 2025 individual tax liability. Defer Income & Accelerate Deductions Pushing income
Incentive, opportunity, and rationalization make up the “fraud triangle” or the generally required conditions for a worker to commit occupational fraud. However, 20 years ago, experts added a fourth leg
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