06.16.17

Pro forma compilations look at how an alternative course of action would have affected financials

The American Institute of Certified Public Accountants (AICPA) has clarified its guidance on pro forma compilations. Here’s an explanation of...

06.15.17

Is now the time for a charitable lead trust?

Families who wish to give to charity while minimizing gift and estate taxes should consider a charitable lead trust (CLT)....

06.14.17

You don’t have to take business insurance costs sitting down

Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company,...

06.12.17

Dot the “i’s” and cross the “t’s” on loans between your business and its owners

It’s common for closely held businesses to transfer money into and out of the company, often in the form of...

06.09.17

Timeliness counts in financial reporting

Do you procrastinate when it comes to closing your books and delivering year-end financial statements? Lenders and investors may think...

06.07.17

Business owners: Put your successor in a position to succeed

When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of...

06.05.17

Choosing the best way to reimburse employee travel expenses

If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses....

06.02.17

Put your income statement to good use

By midyear, most businesses that follow U.S. Generally Accepted Accounting Principles (GAAP) have issued their year-end financial statements. But how...

06.01.17

Are your retirement savings secure from creditors?

A primary goal of estate planning is asset protection. After all, no matter how well your estate plan is designed,...

05.30.17

Consider the tax consequences before making an employee a partner

In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining...

05.23.17

Business owners: When it comes to IRS audits, be prepared

If you recently filed your 2016 income tax return (rather than filing for an extension) you may now be wondering...

05.19.17

Por qué se producen las reformulaciones financieras... y cómo evitarlas

Cuando las empresas vuelven a publicar estados financieros anteriores, los inversores y prestamistas se ponen nerviosos. Pero no todas las reformulaciones son...