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.
Nonprofits: Special events call for tax planning
Nonprofits need to incorporate tax planning into their special event preparations. Whether you’re hosting a formal dinner, 5K run or multi-speaker conference, tracking revenue and expenses is critical.
Be smart when accepting cryptocurrency donations
Most nonprofits benefit when they accept donations from supporters in whatever form they want. So if you don’t yet accept cryptocurrency, what are you waiting for?
Strong billing processes are critical to healthy cash flow
Business owners: Cash flow is the lifeblood of a successful company, and your billing processes have a huge impact on it. Make sure you’re not taking billing for granted
Receivables: Quality counts
Don’t take accounts receivable at face value. Here’s how to evaluate the quality of receivables.
Turning receivables into cash
Collecting cash from customers takes time and patience. To bridge the cash gap, consider these creative strategies to monetize outstanding receivables.
Solo business owner? There’s a 401(k) for that
Self-employed people: Your business (that is, you) can sponsor a retirement plan just like any other employer. Here’s what you need to know about a solo 401(k).
Why some small businesses are switching to tax-basis reporting
Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.
Virtual currency lands in the IRS’s crosshairs
If you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
Why can’t my profitable business pay its bills?
Bills, bills, bills! From utilities and payroll to taxes and supplies, there’s always a bill that needs to be paid when you own a small business. When cash is short, it pays to understand the differences between profits and cash flow.
Strategic tax-planning Q&As for construction businesses
Most people, including construction business owners, feel a sense of relief when their taxes are filed. But contractors need to make tax planning a year-round activity. Here are some Q&As to consider.
In financial planning, forecasts and projections aren’t the same
No business owner has a fully functional crystal ball. But a carefully created forecast or projection can help you better prepare for the future.