Skip navigation

Blog

IRS EXTENDS ADMINISTRATIVE RELIEF FOR 401(K) PLANS

IRS EXTENDS ADMINISTRATIVE RELIEF FOR 401(K) PLANS

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of them might be relief from a sometimes-inconvenient requirement related to the administration of 401(k) plans.   A virtual solution   In IRS Notice 2021-40, the […]

Read More...

WHAT IS “FAIR VALUE” IN AN ACCOUNTING CONTEXT?

WHAT IS “FAIR VALUE” IN AN ACCOUNTING CONTEXT?

In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to “fair value.” Examples of assets that may currently be reported at fair value are asset retirement obligations, derivatives and intangible assets acquired in a business combination. Though fair value may better align your company’s financial statements with today’s […]

Read More...

THE LONG AND SHORT OF SUCCESSION PLANNING

For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and do not intend to give up ownership anytime soon. However, if the past year or so have taught us anything, it is that anything can happen. Owners who […]

Read More...

CASH TALKS — AND FRAUD EXPERTS ARE LISTENING

CASH TALKS — AND FRAUD EXPERTS ARE LISTENING

Fraud perpetrators take whatever they can get their hands on. However, they generally prefer cash because it is virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even cash-based theft. Multiple opportunities According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which includes checks because […]

Read More...

Tax-favored ways to build up a college fund

Tax-favored ways to build up a college fund

If you are a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series EE U.S. savings bonds offer two tax-saving opportunities for […]

Read More...

Retiring soon? 4 tax issues you may face

Retiring soon? 4 tax issues you may face

If you are getting ready to retire, you will soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here is a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the minimum amount you must withdraw from your […]

Read More...