News Articles


3 midyear tax planning strategies for business

Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it wil

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Look beyond EBITDA

Earnings before interest, taxes, depreciation and amortization (EBITDA) is commonly used to assess financial health and evaluate investment decisio

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When does your nonprofit owe UBIT on investment income?

In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income (UBI).

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Make sure your company is prepared for any disaster

What could stop your company from operating for a day, a month or a year? A flood or fire?

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Own a vacation home? Adjusting rental vs. personal use might save taxes

Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax co

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All fringe benefits aren’t created equal for tax purposes

According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash eq

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Less than 6 months until the new contract revenue guidance goes live!

The sweeping new revenue recognition standard goes into effect soon. But many companies are behind on implementing it.

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IRS simplifies procedure for obtaining extension to make portability election

Earlier this month, the IRS issued a Revenue Procedure that allows certain estates to make a late portability election without first filing a rulin

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Fine-tuning your company’s compensation strategy

As a business evolves, so must its compensation strategy.

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Keep real estate separate from your business’s corporate assets to save tax

It’s common for a business to own not only typical business assets, such as equipment, inventory and furnishings, but also the building where the b

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Are you familiar with fraudulent transfer laws?

A primary goal of your estate plan is to transfer wealth to your family according to your wishes and at the lowest possible tax cost.

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Managing the risks of your nonprofit’s special events with insurance

Not-for-profit special events can be lucrative from a fundraising standpoint, but they also carry significant risks.

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