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

A significant but overlooked provision in the tax law passed last December is related to Opportunity Zones. This provision seemed to slip past most professionals and taxpayers alike last January as everyone was attempting to digest the many changes for ...

Tagged with: James Saylor Keeping Your Balance

Cyberattacks are increasing in sophistication and magnitude of impact across all industries globally. According to a recent report issued by the U.S. Security Exchange Commission (SEC) the average cost of a cyber data breach is $7.5 million and is continually ...

Tagged with: Jackie Lee Keeping Your Balance

The provisions of the Tax Cuts and Jobs Act of 2017 (the Act) present significant opportunities for estate planning. Below is a summary of the key provisions under the Act and a discussion of key estate planning strategies to consider. ...

Tagged with: Anthony Sandonato Keeping Your Balance