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…
Details
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…
Details
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…
Details
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…
Details
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…
Details
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…
Details
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…
Details
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…
Details
After you file your tax return: 3 issues to consider
Tax return filed? Now consider these thing The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your…
Details
What qualifies as a “coronavirus-related distribution”?
What qualifies as a “coronavirus-related distribution” from a retirement plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain…
Details