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 weren’t even a thought 20 years ago. What is truly ...

Tagged with: Keeping Your Balance

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 with their tax professionals as there will be lots to ...

Tagged with: Keeping Your Balance

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 an indication of corporate optimism. Synergies. Future profits. Goodwill is ...

Tagged with: Keeping Your Balance

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 potential estate and income taxes. With the passage of the ...

Tagged with: Anthony Sandonato Keeping Your Balance

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 paycheck checkup using your recently completed 2018 tax return and ...

Tagged with: James DeRidder Keeping Your Balance

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 referred to as business use of home. The qualifying factors ...

Tagged with: Jamie Bushart Keeping Your Balance

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 your organization to welcome millennials to the workplace. With U.S. ...

Tagged with: Jackie Lee Keeping Your Balance

Now that tax season is over, it is time to look to the 2019 tax filing season. In March, the IRS issued Rev. Rul 2019-11 addressing State and Local Tax (SALT) refunds and their taxability in light of the limit ...

Tagged with: Keeping Your Balance Molly Wanzenried

“It’s clearly a budget. It’s got a lot of numbers in it.” — George W. Bush The budgeting process is not a glorious task. It is often extremely labor intensive, an exercise in number crunching and adds little or no ...

Tagged with: Keeping Your Balance Mark J. Kovaleski

There was recently a story in my local paper about an individual allegedly stealing substantially all the funds from an organization that had been serving young athletes in the area for more than a decade. The organization was well-meaning and ...

Tagged with: Keeping Your Balance Michael DeBadts

Nonprofit organizations are structured to accomplish a mission. While nonprofit organizations may have a social purpose, they are, by definition, businesses that need to focus on profitability to further their mission. Like their for-profit brethren, they must have sound governance ...

Tagged with: Keeping Your Balance Michelle M. Cain

The Tax Cuts and Jobs Act (TCJA) included a provision regarding expenses employers incur to provide employee parking. Under Section 274(a)(4) of the new law, any expenses paid after Dec. 31, 2017 in connection with employer provided qualified parking for ...

Tagged with: John Finocchario Keeping Your Balance