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Recent News & Blog

  • 3 pitfalls to avoid when naming a beneficiary of a life insurance policy

    Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated if you designate the wrong beneficiary or fail to change beneficiaries when your circumstances change. Common pitfalls to avoid include:

  • How many directors does your nonprofit’s board need?

    State law typically specifies the minimum number of directors a not-for-profit must have on its board. But so long as organizations fulfill that requirement, it’s up to them to determine how many total board members they need. Several guidelines can help you arrive at the right number.

  • 2020 Q1 tax calendar: Key deadlines for businesses and other employers

    Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you.

  • Adopting a child? Bring home tax savings with your bundle of joy

    If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset the expenses.

  • Counting your employees for ACA compliance purposes

    It seems like a simple question: How many full-time workers does your organization employ? But, when it comes to the Affordable Care Act (ACA), the calculation can be complicated — and the answer is important. Potential penalty

  • How to Clean Up QuickBooks for 2020

    We know December is a busy month. However, take some time now to make sure QuickBooks is ready for 2020.

  • Have you considered making direct payments of tuition and medical expenses?

    With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate taxes.

  • What lenders look for in a succession plan

    Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of your company: Your lender.

  • 3 last-minute tips that may help trim your tax bill

    If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you cut your taxes before year-end, including:

  • The art and science of goodwill impairment testing

    Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to the company’s tangible assets, identifiable intangible assets and liabilities.

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