Latest News and Information

July 17, 2024

Six tax issues to consider if you’re getting divorced

Divorce entails difficult personal issues, and taxes are probably the farthest thing from your mind. However, several tax concerns may need to be addressed to ensure

July 16, 2024

If your business has co-owners, you probably need a buy-sell agreement

Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a

July 15, 2024

Employers: Don’t overlook internal hires when addressing staffing needs

If your organization is having a tough time finding the right person to fill a key role, it might be time to set aside the resumés

July 12, 2024

Why auditors monitor journal entries

With a median loss of $766,000, financial misstatement schemes are the costliest type of fraud, according to “Occupational Fraud 2024: A Report to the Nations,” a

July 11, 2024

Business owners: Understanding value is key to updating your estate plan

Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they’re top of mind.

July 10, 2024

Planning your estate? Don’t overlook income taxes

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate

July 9, 2024

Be aware of the tax consequences of selling business property

If you’re selling property used in your trade or business, you should understand the tax implications. There are many complex rules that can potentially apply. To

July 3, 2024

Certain charitable donations allow you to avoid taxable IRA withdrawals

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to consider a tax-saving

July 2, 2024

Consider borrowing from your corporation but structure the deal carefully

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But

July 1, 2024

It’s important for employers to get meetings right

If there’s one thing most employers have in common, it’s meetings. That’s right, these ubiquitous gatherings of invited participants are commonplace occurrences at workplaces, whether real

June 28, 2024

Best practices for expense reporting

When it comes to expense reporting, having rigorous financial controls is critical to operating a profitable business. You should monitor expenditures incurred by employees on behalf

June 27, 2024

Valuing donations of private business stock

Some business owners may be considering donating corporate stock to charities in 2024. Donations of public stocks are generally easy to value because their prices are listed on

June 26, 2024

What might be ahead as many tax provisions are scheduled to expire?

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections.

Our current situation

The

June 25, 2024

2024 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2024. Keep in mind that this list isn’t

June 24, 2024

5 common forms of payroll fraud faced by employers

For employers looking to safeguard their organizations from fraud, payroll is among the most obvious targets they must protect. That’s where the money is, after all.

June 19, 2024

Social Security tax update: How high can it go?

Employees, self-employed individuals and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people don’t fully understand the

June 18, 2024

Hiring your child to work at your business this summer

With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you

June 17, 2024

How employers can address the unpredictability of health care benefits costs

If your organization has struggled to accurately forecast and manage the costs of its health care benefits, you’re not alone. Global HR consultancy Mercer released a