Vehicle expenses: Can individual taxpayers deduct them?

It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also can deduct them ...
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5 change-order pitfalls construction companies should avoid

Properly documented and handled change orders can mean more profitable jobs for construction companies. When the process doesn’t ...
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Measuring residual value for the discounted cash flow method

When valuing a business using the discounted cash flow method, residual (or terminal) value is a key component. ...
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A quick refresher on employment taxes

What are the requirements for employers regarding federal employment taxes? This might seem like a silly question to ...
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When should you turn down an inheritance?

“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want ...
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How to cut costs instead of your nonprofit’s staff

When the COVID-19 pandemic forced lockdowns in Spring 2020, many not-for-profit organizations initially resisted laying off employees. Retention ...
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Five tax implications of divorce

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing ...
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If your manufacturing company is considered “small,” it may be eligible for tax benefits

Small-sized manufacturers may enjoy several tax advantages that allow them to reduce their tax bills, defer taxes and ...
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What are the typical steps in a DOL audit?

Many popular retirement and health care plans must comply with the Employee Retirement Income Security Act (ERISA). Employers ...
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4 estate planning documents your college-aged child should have

Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” ...
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Oversight and controls are key to limiting fraud in nonprofits

Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on ...
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Your estate plan: Don’t forget about income tax planning

As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer ...
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