The IRS can reclassify S corporation distributions as wages
If you run your business as an S corporation, you’re probably both a shareholder and an employee....
Charitable Real Estate Donations | Avoid Common Tax Traps
Did you know that the estate of director John Hughes donated the family’s Illinois mansion to a...
Use cause marketing to boost your nonprofit’s profile
Although corporations and not-for-profits have been teaming up for decades, “cause marketing”...
An effective succession plan calls for decisive action
The prospect of leaving your company in the hands of someone else likely brings mixed emotions....
Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the...
Protect Your Business: Tips for Using Independent Contractors
Many businesses use independent contractors to keep payroll taxes and fringe benefit costs down....
Financial Analytics: Laying the Groundwork for Your Audit
An auditor does significant legwork before starting field work. During the audit planning phase, he...
Tread carefully if you and your spouse have similar trusts
When spouses have similar irrevocable trusts for each other’s benefit, they can be subject to the...
4 pillars of robust business growth
Many businesses start life small and simple. But with growth comes the need for a stronger company...
Merging could make your nonprofit twice as effective
If your not-for-profit is struggling and other organizations provide similar services in your...