Look carefully at three critical factors of succession planning
Business owners: You can’t be too much of an early bird when it comes to succession planning. From a big picture perspective, there are three primary things you’ll need to think about.
Overhead allocations: Rising costs require a fresh, disciplined mindset
Here’s how to get control of your overhead allocations and make better-informed pricing decisions in today’s volatile marketplace
The IRS warns businesses about ERTC scams
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
Nonprofits: Ready, set, audit!
Don’t let your nonprofit’s audit preparation become a last-minute sprint. Plan early so you’ll have the right records ready for review. We offer suggestions.
What construction businesses with inventory should know about Section 263A
Construction business owners: Does your company carry inventory? If so, you may be required to comply with Section 263A of the Internal Revenue Code. Here’s an overview.
5 tips for more easily obtaining cyberinsurance
Business owners: You know how important cybersecurity is to your company. If you’re thinking about buying cyberinsurance, here are some suggestions for optimizing the application process.
Private foundations: “Disqualified persons” must color within the lines
If you lead a private foundation, you must go out of your way to prevent anything that might be perceived as a conflict of interest or self-dealing. Here’s how to color within the lines and stay out of trouble.
Nonprofits: Outsourcing HR could save time and money
Is your nonprofit’s HR staff stretched thin? It’s hard, especially for small teams, to do everything required. Outsourcing some HR functions to external professionals could help.
Reporting UTPs on your financial statements
Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.
4 ways to reduce volunteer risk
What would happen if one of your nonprofit’s volunteers harmed someone while volunteering for you? No matter how much you prize them, volunteers present litigation risks. We recommend four best practices..
Check your construction company’s vital signs with KPIs
Construction business owners, don’t fear the data! Choose and use the right key performance indicators to monitor your company’s performance.
Selecting a qualified auditor for your employee benefit plan
Not every CPA is qualified to audit employee benefit plans. Here’s how to pick the right auditor for your plan.