How Is Your 401(k) Performing? Do You Know?
Give your 401(k) plan a checkup at least once a year In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor…
Gift Tax Return Deadline – What to do now.
The 2019 gift tax return deadline is coming up If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required…
Lease or buy? New Standards Might Decide.
Changes to accounting rules may change your mind on if you lease or buy The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021…
Home is where the tax breaks might be
Own Your Home? If you own, the interest you pay on your mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage…
Should You File Taxes Separately or Jointly?
Reasons why married couples might want to file separate tax returns Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual…
Tax Obligations of Your Side Gig
Do you have a side gig? Make sure you understand your tax obligations The number of people engaged in the “gig” or sharing economy has grown in recent years, according…
Contingent Liabilities Reporting Can Be Gray
Reporting contingent liabilities Contingent liabilities reflect amounts that your business might owe if a specific “triggering” event happens in the future. Sometimes companies are unclear when they’re required to report…
Your Tax Bill and Ways to Cut It Now
There still might be time to cut your tax bill with IRAs If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d…
Nonprofits and the New Contribution Guidance
Nonprofits: Are you ready for the new contribution guidance? When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added to…
What are the responsibilities of an audit committee?
Your Audit Committee Role Before you jump headfirst into the year-end financial reporting process. You should review the role independent audit committees play in providing investors and markets with high-quality,…