Gift Tax: Take advantage of the exclusion rules
Gift tax exclusion rules As we head toward gift-giving season, you may consider giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of…
Details
Internal Control and Management Letters
Management letters: Have you implemented any changes? Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business and your internal controls. That’s…
Details
Taxes and Series EE Savings Bonds
When is tax due on Series EE savings bonds? You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet…
Details
Social Security Tax for Household Employees
Do You Pay Social Security Taxes for Your “Nanny” The “nanny tax” must be paid for more than just nannies You may have heard of the “nanny tax.” But even…
Details
A Budget is Key to a Successful Start-up
Ready for a Start-up? Start With Your Budget. Are you budget ready? More than half of recent college graduates plan to start a business someday, according to the results of…
Details
Auditing Grant Compliance
Auditing grant compliance Has your organization received any public or private grants to fund its growth? Grants sometimes require an independent audit by a qualified accounting firm. Here’s what grant…
Details
Taking Distributions from your Traditional IRA
IRA distributions f you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan…
Details
Ready for a Strategic-Planning Meeting?
Run your strategic-planning meetings like they really matter Many businesses struggle to turn abstract strategic-planning ideas into concrete, actionable plans. One reason why is simple: ineffective meetings. The ideas are…
Details
Does your business need CFO help?
Is it time for your business to hire a CFO or controller? Do you need a CFO? Many business owners reach a point where managing the financial side of the…
Details
Section 179 depreciation deduction for business property
Section 179 says it’s a good time to buy business equipment and other depreciable property There’s good news about the Section 179 depreciation deduction for business property. The election has…
Details