Financial Statements in Times of Crisis
Your financial statements and on-time financial reporting is key Financial Statements. Many companies are struggling as a result of shutdowns and restructurings during the COVID-19 crisis. To add insult to…
Social Security Tax Deferral – Questions?
Employers have questions and concerns about deferring employees’ Social Security taxes The IRS has provided guidance regarding the Social Security Tax deferment to employers regarding the recent presidential action to…
ESOP Offers Businesses a Variety of Potential Benefits
ESOPs and Your Business Wouldn’t it be great if your employees worked as if they owned the company? An employee stock ownership plan (ESOP) could make this a reality. Under…
Back-to-School Tax Breaks on the Books
Tax Breaks on School Books Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may…
Will You Have to Pay Tax on Your Social Security Benefits?
Social Security Benefits and Your Taxes If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will…
Disaster Recovery Plan – Got One?
3 steps to “stress test” your business Disaster recovery plan. During the COVID-19 crisis, you can’t afford to lose sight of other ongoing risk factors, such as cyberthreats, fraud, emerging…
Reporting CAMs in the COVID-19 era
Reporting CAMs in the COVID-19 era Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for…
Working Safely: Reopening Concepts
Working Safely: What business owners should consider A widely circulated article about the COVID-19 pandemic, written by author Tomas Pueyo in March. Described efforts to cope with the crisis as…
Does your business have a unique selling proposition?
Your Companies Selling Strengths Many business owners — particularly those who own smaller companies — spend so much time trying to eliminate weaknesses that they never fully capitalize on their…
6 Key IT Questions to Ask in the New Normal
IT and Covid-19 The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on IT technology. Some companies fared better…