The COVID-19 pandemic will likely continue to affect individuals, businesses and the larger economy for the foreseeable future. Already, many companies are finding it...
Hiring? Keep an Eye on These Seven Recruiting Trends
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U.S. Tax Court Tells Deferred Comp Plan Participant to Pay Up
Companies can reap several benefits from offering a nonqualified deferred compensation arrangement to employees. Such plans can help employers attract talent because if...
Receivables May Offer Relief When Cash Is Tight
Many companies are experiencing a buildup of accounts receivable on their balance sheets as customers — especially large corporate buyers — are stretching out their payment...
Using a Trust to Help Financially Straightened Family Members
Even though there are signs that interest rates are likely to rise in the near future, they remain low for now. This means that the benefits of making intrafamily loans remain...
A cost segregation study is one way to boost cash flow
If your business is planning to buy, build or substantially improve real property, a cost segregation study can help you accelerate depreciation deductions, reducing your taxes...
When can you deduct business-related meals . . . and how much can you deduct?
The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. For example, you can no longer...
Worker Classification is Still Important
In 2020 and 2021, many companies have experienced “workforce fluctuations.” If your business has engaged independent contractors to address staffing needs, be careful that these...
Taking Marketability Discounts on Controlling Interests
In a business valuation context, the term "marketability" refers to the ability to quickly convert property to cash at minimal cost. While publicly traded stocks are readily...
Striking a Balance Between Retirement Planning and College Saving
For 2022, the amount you can sock away into your 401(k), 403(b) and most 457 plans will rise another $1,000 to $20,500. If you're at least 50 years of age, you can put away up to...
5 Tax Planning Tips for Retirees
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true for some,...