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.
Tax-advantaged accounts or reimbursement plans for healthcare are a popular benefit offered by employers. They are great because they help organizations handle high medical costs, while giving employees a tax-friendly
Inventory is a key balance sheet item for many organizations. Depending on the nature of your operations, inventory may include raw materials, work-in-progress (WIP) inventory, and finished goods. While you
Estate planning has its own language. While you may be familiar with common terms such as a will, a trust, or an executor, you may not be comfortable with others.
For many non-profit organizations, keeping a full and engaged board of directors is challenging. If your board holds frequent meetings, has high attendance expectations, and requires members to do a
If your organization has been in business for a while, and your payroll system has been running smoothly, you may not pay much attention to it. But don’t get comfortable.
The 2023 tax filing deadline is April 15 this year. However, if you need more time, you can file for an extension. The extension gives you until October 15 to
If you’re starting a new organization or are currently operating one, you understand the importance of keeping proper income and expense records. When it comes to recording expenses, you should
If your organization suffers losses due to fraud, you may decide to pursue legal action, possibly to be compensated for damages. But, quantifying fraud loss can be difficult. Typically, the
Every employer recognizes the critical importance of a comprehensive and legally compliant hiring process. While there exists no federal obligation for background checks in private sector employment, they are widely
If you follow the news, you’ve likely heard about artificial intelligence (AI) and how it’s becoming more prominent in our lives. A well-known example is ChatGPT, an AI “chatbot” that
A living will could offer reassurance for both you and your family in case the unthinkable occurs. However, there are many people who overlook the importance of creating this crucial
When a Category 5 hurricane hit a coastal community, the main charity for health and human services was prepared to act with rescue plans, supplies, emergency shelters, and well-trained staffers. But
Our CPAs and advisors are a great resource if you’re ready to learn even more.
