News Articles


3 financial statements you should know

Successful business people have a solid understanding of the three financial statements prepared under U.S.

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Consider key person insurance as a succession plan safeguard

In business, and in life, among the most important ways to manage risk is through insurance.

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Victims of a disaster, fire or theft may be able to claim a casualty loss deduction

If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2016 federal income t

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How auditors evaluate fraud risks

Assessing fraud risks is an integral part of the auditing process. Statement on Auditing Standards (SAS) No.

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Direct tuition payments benefit your grandchild and your estate plan

Grandparents often want to play a role in financing their grandchildren’s education.

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Who can — and who should — take the American Opportunity credit?

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return.

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Make sure the IRS won’t consider your business to be a “hobby”

If you run a business “on the side” and derive most of your income from another source (whether from another business you own, employment or invest

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2016 IRA contributions — it’s not too late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017.

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Filing deadline rapidly approaching for flow-through entities

The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnership

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When it comes to charitable deductions, all donations aren’t created equal

As you file your 2016 return and plan your charitable giving for 2017, it’s important to keep in mind the available deduction.

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SEPs: A powerful retroactive tax planning tool

Simplified Employee Pensions (SEPs) are sometimes regarded as the “no-brainer” first choice for high-income small-business owners who don’t current

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Is annual financial reporting enough?

Businesses generally issue year-end financial statements to let investors and lenders evaluate their financial health.

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