News Articles


Understanding the statement of cash flows

The statement of cash flows highlights the sources and uses of cash.

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Grantor and Crummey trusts can be good options to fund a grandchild’s education

Do you wish to play an active role in funding your grandchildren’s college educations?

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Surviving Spouses as Sole Designated Beneficiaries of IRAs

Surviving spouses who are sole designated beneficiaries of a decedent's IRAs have two favorable options with respect to those IRAs that other benef

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Nonprofits should look before leaping abroad

Many not-for-profits today look beyond U.S. borders to recruit members, sell products, promote conferences and solicit donations.

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Innovate or acquire? That’s the strategic question

Many companies reach a point in their development where they have to make an important decision: Innovate themselves or acquire a competitor?

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Time may be running out — again — for tax-free treatment of home mortgage debt forgiveness

Income tax generally applies to all forms of income, including cancellation-of-debt (COD) income.

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Documentation is the key to business expense deductions

If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions.

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Business or Hobby Income?

It’s important to distinguish between what is considered a hobby activity and what is considered a business activity for your tax return.

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Vacation home should keep families together, not tear them apart

A shared family vacation home can be a great place for family bonding.

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How to make your nonprofit's special event a financial success

Many not-for-profits depend on funds raised at an annual gala or other special event to keep their organization in the black.

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Climbing the “hierarchy of needs” to find employee engagement

In 1943, psychologist Abraham Maslow set out his “hierarchy of needs.” This theory suggested that human behavior is a response to a variety of need

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Tax impact of investor vs. trader status

If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill. Do you know the difference?

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