In the News

Copyright 2018
Is your not-for-profit the same organization it was three years ago? Are your stakeholders the same now as then? Is your community and its support of your not-for-profit the same?
Copyright 2018

If you participate in a qualified retirement plan through your job or self employment --such as a 401(k), profit-sharing, or Keogh plan -- you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs, Roth IRAs, SEPs or SIMPLE-IRAs.)

Copyright 2018
Success in a manufacturing/distribution business starts with your order entry system. It's an expensive proposition to say there's no time to do things right the first time but always time to redo mistakes over and over again.
Copyright 2018
Although you usually can't deduct typical "commuting" expenses from home, you may qualify for a special exception if you're away working on temporary assignments. But the IRS and the U.S. Tax Court won't allow borderline deductions, as evidenced by one case involving a construction worker.
Copyright 2018
Unfortunately, many physician partnerships compare more to a boxing match than, well, a partnership. When partners can't get along -- whether it's because of personality issues or divvying up responsibilities -- running a truly successful practice becomes even more difficult. There are ways to knock out many conflicts but, to do so, you'll need to put on your kid gloves.
Copyright 2018
Donors understandably demand accountability from the not-for-profit organizations they support. Some turn to the Better Business Bureau (BBB) for guidance. Its Wise Giving Alliance has established standards by which it evaluates tax-exempt 501(c)(3) organizations that submit a report.
Copyright 2018
The Supreme Court often agrees to rule on questions upon which individual appeals courts have reached different conclusions, to create a uniform national legal standard.
Copyright 2018
Summer jobs can be an effective way to teach children about financial responsibility, encourage them to save for college or retirement, and provide them with spending money during the school year. If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).
Copyright 2018
Fatalities and injuries from machines are a high risk in many jobs. They may occur during service and maintenance tasks when workers face exposure to uncontrolled releases of energy after initiating a machine.
Copyright 2018

They say hindsight is 20/20. You can take advantage of that hindsight by holding regular project closeout meetings to find nuggets of truth about how the project went and learn from them.

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