In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08. Not-for-profit entities (Topic 958) “Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions […]…
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on […]…
Do you ever feel like your inventory is stable one second and then unpredictable the next? Despite your best efforts to keep it under control, that’s not always the outcome. […]…
Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not have looked at it much […]…
On June 21st, 2018, the U.S. Supreme Court Ruled on South Dakota vs. Wayfair, Inc. This decision brings significant changes to long-established precedent related to sales and use tax Nexus […]…
For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from one generation to the next. The […]…
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing […]…
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial […]…
While searching the web, I came across this Forbes article stating the latest Marketing Trends of 2018. They were all accurate and intriguing, but one that stood out to me […]…
When married couples neglect to prepare an estate plan, state intestacy laws step in to help provide financial security for the surviving spouse. It may not be the plan they […]…