Prepare for the worst with a business turnaround strategy
Many businesses have a life cycle that, as life cycles tend to do, concludes with a period of...
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...