It’s time for a midyear checkup!

Time flies when you’re busy running a business. But it’s important to occasionally pause and assess interim performance — otherwise you’re likely to be surprised by the year-end results. When reviewing midyear financial reports, however, recognize their potential shortcomings. These [...]

By | 2018-05-25T14:45:25+00:00 May 25th, 2018|Categories: Audit, Blog|0 Comments

Improving Board Performance through Assessment

Whether you’re a large corporation or a local non-profit, it’s important for your board to periodically evaluate its mission and establish consistency in goals and objectives. Board assessments provide a strategic opportunity for organizations to better evaluate and understand [...]

By | 2018-05-22T21:11:02+00:00 May 22nd, 2018|Categories: Blog, Consulting, Nonprofit|Tags: , |0 Comments

The Many Flavors of Trusts

A trust is a legal entity that holds assets — money, property, stocks, bonds, insurance policies or artwork — for the benefit of another. Trusts help you accomplish your estate planning goals; their power lies in their versatility. A [...]

By | 2018-05-22T21:11:17+00:00 May 22nd, 2018|Categories: Blog, Estate & Trust|Tags: , |0 Comments

Is This Your Situation: Are You Starting Your Marriage on Solid Financial Footing?

Many couples would rather talk about sex expectations than financial expectations and arrangements. And that’s unfortunate, because studies show that money issues are the number one stresser in marriages. And when stepchildren are involved, money stress can become even [...]

By | 2018-05-22T20:44:42+00:00 May 22nd, 2018|Categories: Blog, Estate & Trust, Tax|Tags: , , , , |0 Comments

IRS issues guidance to ease transition to FASB’s new revenue recognition rule

In 2014, a new accounting standard on how to recognize revenue from contracts was issued by the Financial Accounting Standards Board (FASB). Now the IRS is allowing a new automatic change in accounting method for businesses to use to [...]

By | 2018-05-22T20:32:21+00:00 May 22nd, 2018|Categories: Audit, Blog|0 Comments

A Review of Significant TCJA Provisions Affecting Small Businesses

Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s a good time to review some of the provisions of the Tax Cuts and Jobs Act (TCJA) that may [...]

By | 2018-05-08T14:41:22+00:00 May 8th, 2018|Categories: Blog, Tax|Tags: , , , |0 Comments

IRS Audit Techniques Guides provide clues to what may come up if your business is audited

IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others address issues that frequently arise in audits, such as executive compensation and [...]

By | 2018-05-08T14:41:50+00:00 May 8th, 2018|Categories: Audit, Blog|Tags: , , , |0 Comments

Is This Your Situation: Concerned About Funding Your Child’s Higher Education

Saving for your child’s education is no small feat. Although it is ideal to begin a savings program when your children are born, some families don’t start saving until their children are older. One of the best options is [...]

By | 2018-05-08T13:19:48+00:00 May 8th, 2018|Categories: Blog, Tax|Tags: , |0 Comments

Charitable Contributions Are Over… Or Are They?

With the recent changes in the tax law, you may hear your friends saying “well, I can no longer get a tax deduction for my charitable contributions so I guess I’ll stop.” Or maybe you have been thinking the same [...]