Gift Giving and How it May Affect Your Taxes
The holiday tradition of gift-giving is what people are focused on at this time of the year. It may be the perfect time to put a meaningful lifetime gifting plan in place. If you are in the position to help your family members now, gifting during your lifetime is a great way to assist with real life.....
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2019 Year-End Business Planning
With the end of 2019 drawing to a close, it is time for business owners to begin thinking about tax planning opportunities to take advantage of before 2020 begins. A few of the items mentioned below came about as part of the Tax Cuts and Job Act (TCJA) of 2017. They have been included as a refresher.....
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Looking Back on and Looking Ahead to Tax Season
With the new tax season right around the corner, many people are not looking back on this past tax season with fond memories. Indeed, for many there were surprises and refunds lower than expected. One of the keys to not being surprised or disappointed is planning, as in year-round planning. Many .....
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How to Prepare for an Employee Benefit Plan Audit
By: Hannah Hebsch, Senior Accountant Retirement plans, such as a 401(k) Plan or a 403(b) Plan, offer a great incentive to employees, can be used to attract and retain talented employees, and help employees meet their financial goals. Along with the benefits of establishing a retirement plan, howe.....
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How FASB ASC 606, Revenue from Contracts with Customers Affect You
In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers. The new revenue recognition standard will significantly affect the revenue recognition practices of most companies. The standard is effective for the .....
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