Staying in Shape for Retirement
Everyone agrees that planning for retirement is important—so why do so many of us choose to avoid the issue year after year?
View ArticleImpaired or Not Impaired: That is the Question
Do you have the intangible asset “Goodwill” sitting on your books from previous business combination transactions?
View ArticleState Sales Tax Nexus Requirements – What Every Company Should be Considering
Businesses that sell products or services in interstate commerce, whether online, by catalog, over-the-phone or in-person, face challenging multi-state sales tax compliance issues.
View ArticleInternal Controls Assessments: You Have Now Reached a Comfortable Cruising...
When a business is first founded, the President has their hand in each and every business process. They make the widgets. They sell the widgets. They collect the cash for the widgets.
View ArticleUsing Roth IRAs to Mitigate “Double Taxation” of International Investments
As I and my colleagues have mentioned in previous blog posts, investing in a Roth IRA has a number of tax-related advantages. The $100,000 income limit window on converting a traditional IRA to a Roth...
View ArticleLiquidation Diligence and the Importance of Acting Quickly
When the economy is down, bankruptcies are up. Consequently, as protection against the impending costs associated with this increased risk, lenders should be focusing their attention not only on the...
View ArticleDisclosing Your Tax-Exempt Information
When your tax-exempt organization receives a request for inspection of its federal filings – Form 990 or 990-EZ, 990-T if applicable and its application for tax exemption – do you know how to respond?...
View ArticleYou Might Qualify for the R&D Tax Credit – Yes, You.
The U.S. government distributes billions of dollars in research and development (R&D) tax credits each year – but the money isn’t just for research labs. [...]
View ArticleThe 5 Principles of a SOC 2 Report
The new SOC (Service Organization Control) 2 reports provide information and assurance relating to a service provider’s non-financial control environment and are most commonly based upon a combination...
View ArticleWhat Makes a Great Audit Committee?
Your audit committee can serve as a powerful tool for your company, and its potential to do so is determined by the expertise of the individuals that comprise it. [...]
View ArticleTips for Nonprofit Audit Committees
In last week’s post, What Makes a Great Audit Committee?, I suggested some criteria to consider when selecting or evaluating the members of an audit committee.
View ArticleThree Tax Issues to Keep in Mind when Forming a Partnership
When speaking to owners of startup companies and others who are considering the formation of a partnership or LLC, I find that many are curious about the tax implications of such a move. [...]
View ArticleCharities Must Notify Attorney General of Major Changes
As funding dries up and some Massachusetts charities begin planning for a regrettable, but inevitable restructuring or cessation of operations, they need to bear in mind that [...]
View Article5 Reasons to Implement an Employee Stock Ownership Plan
An employee stock ownership plan (ESOP) is an employee benefit plan that serves as a tax-qualified, defined-contribution retirement plan. [...]
View ArticleA Bit of Perspective in This Anxious Investment Environment
The current anxious investment environment will eventually pass. While that may be of little consolation, it is a future point of focus that should not be ignored. [...]
View Article2011 Means Greater Transparency for 401(k) Plan Sponsors
Back in July of 2010, the Department of Labor (DOL) issued revised disclosure rules for providers of services to 401(k) and other retirement [...]
View ArticleIs XBRL More Than Just a Compliance Expense?
With XBRL (eXtensible Business Reporting Language) now in its third phase of implementations, nearly all public companies using U.S. GAAP are now required to submit data in the fully searchable,...
View ArticleWhat Crowd Funding Legislation Reform Means for Entrepreneurs
Earlier this month, the House of Representatives passed several bills relating to small business financing, including the headline-making “Entrepreneur Access to Capital Act” (HR 2930), intended to...
View Article5 Reasons to Avoid an Employee Stock Ownership Plan
As mentioned in my November post, an employee stock ownership plan (ESOP) is an employee benefit plan that serves as a tax-qualified, defined-contribution retirement plan and presents [...]
View ArticleGood News for 990 e-Filers
In case you missed the recent notice from the IRS: tax-exempt organizations that are required to file their 990 returns by January 17, 2011 or February 15, 2012 now have until March 30, 2012 to do so....
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