Associates Need Financial Savvy

Financial savvy is an integral part of serving your clients well. While there are many areas of financial and accounting knowledge that can improve an attorney’s ability to serve their clients, we’ve picked a few recurring themes as a jumping off point. Cost-Benefit...

Measuring Customer Profitability

Your P&L statement may measure the overall profitability of your business, but it falls short in terms of measuring the profitability of individual customers or services. To continually improve performance, every company should understand the economic building...

Don’t Overlook Your Tax Credit Eligibility

Around this time of year, many organizations are re-evaluating their annual budgets to improve profit margins and consolidate spending. One aspect of this process often includes exploring new or revised tax credits that can help offset the amount of money owed to the...

How to Set up an IRS-Approved Family Loan

Today’s relatively low-interest-rate environment makes it easy to loan money to family members on favorable terms with full IRS approval. Here’s a rundown of what the law covers and why now might be a good time to set up loans. Nothing in the tax law...

Tax Planning for a Home in the Event of Divorce

For many people, the federal home sale gain exclusion is the single most valuable tax break available. But if you’re getting divorced and selling a home, you may need to plan ahead to take advantage of the tax break. We’ll explain why, but first,...