Responding to the nightmare of a data breach
It’s every business owner’s nightmare. Should hackers gain access to your customers’ or employees’...
Fundamental tax truths for C corporations
The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has...
Executor Selection: Avoid Problems by Choosing Carefully
Choosing the right executor — sometimes known as a “personal representative” — is critical to the...
An implementation plan is key to making strategic goals a reality
In the broadest sense, strategic planning comprises two primary tasks: establishing goals and...
Comparing internal and external audits
Businesses use two types of audits to gauge financial results: internal and external. Here’s a...
Evaluating your audit committee
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors —...
When are LLC members subject to self-employment tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income...
How to Properly Fund Your Revocable Trust
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to...
ASC 606: Accounting Standard Implemented by Baldwin CPAs
For 2019, there is a new accounting standard (ASC 606) that Baldwin will be implementing that...
The simple truth about annual performance reviews
There are many ways for employers to conduct annual performance reviews. So many, in fact, that...