Internal Controls: Make Them Strong
How to strengthen your internal controls Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are…
How to strengthen your internal controls Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are…
Accounting estimates present challenges in times of uncertainty In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of key “unknowns”…
Tax-favored ways to build up a college fund If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition. And other higher…
Pondering the possibility of a company retreat As vaccination levels rise and major U.S. population centers fully reopen. Business owners may find themselves pondering an intriguing thought: Should we have…
Retirement and Tax Issues If you’re getting ready for retirement, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown…
The long and short of succession planning For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who…
Get both tax and nontax benefits for hiring your children. If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax…
What’s “fair value” in an accounting context? In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to fair value (FV). Examples of assets…
Still have questions after you file your tax return? Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the…
Look at your employee handbook with fresh eyes For businesses, so much has changed over the past year or so but maybe not your employee handbook. The COVID-19 pandemic hit…