Ideas & Insight

Every company has at least one owner. And, in many cases, there exists leadership down through the organizational chart. But not every business has strong governance. Could you benefit from stronger business governance? In a nutshell, governance is the set of rules, practices and processes by which a company is directed and controlled. Strengthening it […]

It’s a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become so much more feasible that many businesses quickly find themselves crossing state lines. […]

If your employees incur work-related travel expenses, you can better attract and retain the best talent by reimbursing these expenses. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with IRS rules. Here are some tax-wise ways to reimburse employee travel expenses. Reasons to reimburse While unreimbursed work-related travel […]

It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax savings for both your business and your family overall. Save […]

Mortgage interest rates are still at low levels, but they likely will increase as the Fed continues to raise rates. So if you’ve been thinking about helping your child — or grandchild — buy a home, consider acting soon. There also are some favorable tax factors that will help: 0% capital gains rate. If the […]

In today’s competitive environment, offering employees an equity interest in your business can be a powerful tool for attracting, retaining and motivating quality talent. If your business is organized as a partnership, there are tax consequences to consider. Once an employee becomes a partner, you generally can no longer treat him or her as an employee […]

If you recently filed for your 2016 income tax return (rather than filing for an extension) you may now be wondering whether it’s likely that your business could be audited by the IRS based on your filing. Here’s what every business owner should know about an IRS Audit: Catching the IRS’s eye Many business audits occur […]

  One missing  document can become very costly for Contractors. Here are 5 tips to protect your business and save you money. 1.Your Subcontractor’s Work Comp Exemption Cert is not Enough Many contractors think if their subcontractor provides them a Workers’ Compensation Exemption Certificate that they are covered. If an individual is hurt on your […]

A potential downside of tax-deferred saving through a traditional retirement plan is that you’ll have to pay taxes when you make withdrawals at retirement. Roth plans, on the other hand, allow tax-free distributions; the trade-off is that contributions to these plans don’t reduce your current-year taxable income.  Unfortunately, your employer might not offer a Roth […]

Many companies take an ad hoc approach to technology. If you’re among them, it’s understandable; you probably had to automate some tasks before others, your tech needs have likely evolved over time, and technology itself is always changing. It may be time for you to create a strategic IT plan. Unfortunately, all of your different […]