Tax and Year-end Charitable Giving in 2017
What you need to know about year-end charitable giving in 2017 Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have…
Do your financial statements contain hidden messages?
Do you “Read” your financial statements? Over time, many business owners develop a sixth sense: They learn how to “read” a financial statement by computing financial ratios and comparing them…
Demystifying the Audit Process
Audit and You Independent auditors provide many benefits to business owners and management: They can help uncover errors in your financials, identify material weaknesses in your internal controls, and increase…
Moving 2018 Property Tax Payment to 2017
Why you may want to accelerate your property tax payment into 2017 Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good…
Risk Management and Your Business
Fortifying your Business with Enterprise Risk Management Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with…
GAAP vs. Tax-Basis Reporting
GAAP vs. tax-basis reporting: Choosing the right model for your business Virtually every business must file a tax return. Some private companies choose to issue tax-basis financial statements, rather than…
Avoid ERISA Litigation
Avoid ERISA litigation with attention to common red flags Any size retirement plan can run into serious trouble when sponsors aren’t careful. With some planning, though, your qualified retirement plan…
More Tax Reform Details Revealed
Tax Reform Details Families and Individuals The number of tax brackets for individuals have been reduced from seven to four brackets, with the top bracket remaining at 39.6%. Preliminary break…
Investors: Beware of the Wash Sale Rule
Don’t let the wash sale rule wash out the potential tax benefits of a capital loss. A tried-and-true tax-saving strategy for investors is to sell assets at a loss to…
Is Your Company’s Retirement Plan as Good as It Could Be?
Many retirement plans need refining. Others need to avoid conflicts with Department of Labor rules. Provided by Dane A. Wilson, Wealth Management Advisor At times, running your business takes every…