Does Your Company Have An Emergency Succession Plan?
For business owners, succession planning is ideally a long-term project. You want to begin laying out a smooth ownership transition, and perhaps grooming...
03 June, 2020
The accounting industry is always evolving amid complex rules and regulations. These articles feature timely updates on a variety of accounting topics.
A Nonworking Spouse Can Still Have An IRA
It is often difficult for married couples to save as much as they need for retirement when one spouse does not work outside...
02 June, 2020
Parcel Delivery Theft & How to Protect Your Purchases
Even before the COVID-19 pandemic struck, Americans received a lot of packages. About 18 billion parcels were shipped in the United States in...
01 June, 2020
Rules for ‘PTO Buying’ Under a Cafeteria Plan
The COVID-19 pandemic has forced many people to cancel or postpone vacations as well as travel plans to visit friends and family. While...
29 May, 2020
Revenue Recognition & Leases: FASB Gives Certain Entities More Time
Private companies and most non-profits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease guidance in fiscal...
29 May, 2020
Estate Planning When Time Is Short
The COVID-19 pandemic has caused some people to contemplate their own mortality or that of a family member. For those whose life expectancies...
28 May, 2020
Non-Profits Need Multiple Revenue Sources to Survive Current Crisis
One of the strongest predictors of a non-profit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that...
27 May, 2020
Businesses Revise Sales Compensation Models During Pandemic
Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked...
27 May, 2020
IRS Releases 2021 Amounts For Health Savings Accounts
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA Basics An HSA is a trust created or organized exclusively for...
26 May, 2020
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