Keeping Your Balance Archives

Mar 5, 2020

Keeping Your Balance: Fraud risk factors include ‘The Fraud Triangle’ and behavioral red flags

As the world evolves there are more controls to help monitor assets and activities within organizations than ever before; there are also new threats and opportunities to commit fraud that […]

Feb 27, 2020

Keeping Your Balance: Important tax issues could change depending on the 2020 election

There will be lots of activity with the upcoming presidential election that will take place in November of this year. Until then, businesses and individual owners will be busy engaging […]

Feb 20, 2020

Keeping Your Balance: Is too much goodwill a bad thing?

To almost anyone but attorneys, investment advisors, and accountants, goodwill may mean friendliness. Cooperation. Altruism. However, to those attorneys, investment advisors, and accountants, goodwill on a corporate balance sheet is […]

Feb 13, 2020

Keeping Your Balance: What can you do to protect yourself against cyber criminals if you’re a nonprofit?

Do you think nonprofits are likely targets for cybercrime? Many nonprofits consider themselves unlikely targets, however this couldn’t be further from the truth. The reality is that your organization is […]

Feb 6, 2020

Keeping Your Balance: Business-use vehicles deduction for the self-employed

Are you self-employed and looking for ways to save time, cut down on your recordkeeping duties, and reduce your paperwork and retention of old receipts? The optional standard mileage rates […]

Jan 30, 2020

Keeping Your Balance: What plan sponsors need to know about DOL enforcement and red flags

Being selected for a Department of Labor (DOL) audit is not exactly a prize most plan sponsors want or intend to win. Often, plan sponsors think service providers will take […]

Jan 23, 2020

Keeping Your Balance: Appointment and role of the claims auditor

The Office of the New York State Comptroller has worked with the New York State School Boards Association, the New York State Association of School Business Officials and the New […]

Jan 16, 2020

Keeping Your Balance: New Year brings annual payroll and information return requirements

It’s that time of year again. Along with New Year’s resolutions and budgets being made, businesses must complete and timely file their annual payroll and information returns. IRS code section […]

May 23, 2019

Keeping Your Balance: Reducing estate taxes for family farms

In my experience working with owners of family farm operations, one of their biggest concerns is transferring ownership in the family business in a tax-efficient manner that will minimize any […]

May 9, 2019

Keeping Your Balance: Time for a paycheck checkup

Now that most of us have filed our 2018 tax returns, did your tax situation turn out as you had expected? If not, now is the time to do a […]

May 2, 2019

Keeping Your Balance: Home office deduction

With more and more people working remotely, a common question clients asked this past tax season was whether they are eligible to take the home office deduction. This is also […]

Apr 26, 2019

Keeping Your Balance: Keeping your millennial employees engaged

It is no secret millennials seem to operate differently than previous generations. Many studies and surveys have tried to uncover exactly what motivates this group and how to best prepare […]