Navigating Compensation in Family Businesses

Friday, August 30, 2024
Every business must establish a philosophy, strategy, and specific policies regarding compensation. However, family businesses encounter unique challenges, particularly because they employ both family members and non-family staff.If your company...... Read More

Internal Controls for Non-Profit Organizations

Thursday, August 29, 2024
Non-profit organizations (NPOs) face increasing scrutiny regarding their financial statements from various stakeholders, including board members, donors, state charity officials, and legislators. This heightened attention puts pressure on management, the...... Read More

IRS reopens Voluntary ERC Disclosure Program

Wednesday, August 28, 2024
The IRS has announced the reopening of its Employee Retention Credit (ERC) Voluntary Disclosure Program (VDP), offering businesses a unique opportunity to correct incorrect ERC claims. This program, running through...... Read More

Estate Planning? Remember to Consider Income Taxes

Tuesday, August 27, 2024
The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a...... Read More

Strategic Structuring of Corporate Loans

Monday, August 26, 2024
If you own a closely held corporation, you have the option to borrow funds from your business at rates lower than those offered by banks. However, it's crucial to mitigate...... Read More

Four Strategies for Improving Cash Flow Management in Businesses

Friday, August 23, 2024
From the moment they start operating, business owners are advised to closely monitor cash flow. This advice is crucial because even businesses with strong sales can face significant challenges if...... Read More

Auditing Warehouse Operations

Thursday, August 22, 2024
When you hear "audit," you might think of financial reporting or the IRS. However, auditing warehouse operations can also benefit businesses like manufacturers, distributors, and retailers. Employee inefficiencies, oversized packages,...... Read More

Certain Charitable Donations Can Help You Avoid Taxable IRA Withdrawals

Tuesday, August 20, 2024
If you're a charitable person required to take required minimum distributions (RMDs) from a traditional IRA, consider a tax-saving strategy: making a qualified charitable distribution (QCD).How it worksTo reap the...... Read More

Employing Your Child at Your Business

Monday, August 19, 2024
You may consider hiring your child to work at your company. Apart from providing your son or daughter with valuable business experience, both of you could benefit from certain tax...... Read More

Why Businesses Should Consider Integrating ESG into Strategic Planning

Friday, August 16, 2024
When business owners and their leadership teams convene to strategize, the central question often revolves around, "How can we strategically expand our company to reach the next level of success?"While...... Read More