Tax-advantaged retirement plans can help you avoid taxes and save for your retirement. Contributing to a 401(k) or a Roth is if your employer offers one can save you a lot of money. To start, you should increase your contribution rates to the maximum allowed. Because compounding is tax-free in Roth accounts and tax-deferred otherwise, […]

People work their whole lives to build their estates, and passing this wealth on to the next generation is a top priority for many. The key to making this happen is teaching your children about money management to keep your legacy alive . How to educate your children about wealth management The best way to […]

Written by Henry Rinder, CPA CFE ABV CFF CGMA Unfortunately, many businesses have experienced collection problems during the COVID-19 pandemic. Accounts receivable are a significant item on most companies’ balance sheets. Slow-paying or nonpaying customers/clients adversely affect the company’s cash flow. Cash is the bloodline of the business. Proactive measures can help identify and remedy […]

  The latest stimulus package has a number of implications for businesses. Find out what exactly is included and what it means for businesses, as well as you - and your taxes, in our upcoming webinar.  Here’s an example of just some of the items included in the package: Additional PPP loan funds Deductibility of […]

Imagine this: one of your employees accesses your records without authorization, then uses stolen customer lists to start his own business. It’s not that far-fetched! In fact, this happened at one mortgage company where the perpetrator stole protected records by sending malware to a coworker. In this case, the employee was caught in the act—but […]

Recent federal legislation will allow borrowers of PPP loans to take a tax deduction for payroll and other tax-deductible expenses incurred and paid with PPP funds. This new legislation reverses the IRS administrative policy, which disallowed a deduction for such expenses and will result in tax savings to businesses who used a PPP loan for […]

With President-elect Biden preparing to take office, you likely have questions about how the changing balance of power will affect your federal estate taxes.  Biden has pledged to roll back many of President Trump’s tax policies after taking office, including provisions of the Tax Cuts and Jobs Act (TCJA). Biden has promised a progressive approach […]

The year is almost up, and that means it’s time to prepare year-end financial statements. And while these reports can be a valuable tool for benchmarking and forecasting. Used correctly, they can help you anticipate and respond to changing markets.  Setting Benchmarks Benchmarking is using past performance or industry standards to evaluate current performance and […]

The 2020/2021 audit season may look a little different than you expected. Many companies are still operating remotely, audit procedures may adjust. Here’s what you need to know about audits and year-end financial statements for your company.  A New Need for Tech When the pandemic hit last year, many accounting firms went remote. Thankfully, the […]