Power of Attorney

Powers of Attorney: Springing v Nonspringing

Estate planning typically focuses on what happens to your assets when you die. But it’s equally important (some might say more important) to have a plan for making critical financial and medical decisions if you’re unable to make those decisions…
Path to performance; key performance indicators

Use Key Performance Indicators to Monitor Company Performance

From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can use Key Performance Indicators to monitor company performance — far beyond…
4th Quarter Tax Deadlines

4th Quarter Tax Deadlines for Businesses & Employers

Here are some of the key 4th Quarter tax deadlines affecting businesses and other employers for 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting…
computing and reporting overtime pay

Are You Computing Overtime Pay Correctly When a Bonus is Issued?

Bonuses can be an effective way for employers to reward hourly employees for an outstanding year. Some employers also offer a bonus as an incentive to meet certain productivity or sales goals.  Make sure you understand the definitions of each…
material participation

Material Participation is Key to Deducting LLC and LLP losses

Material participation is key to Deducting LLC and LLP losses. If your business is a limited liability company (LLC) or a limited liability partnership (LLP), you know that these structures offer liability protection and flexibility as well…
tax planning strategies

Three Mid-Year Tax Strategies for Business

Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into…
Fringe Benefits

Tax Treatment of Fringe Benefits

According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services.” But the tax treatment of a…
estate taxes

Do You Need to Worry About Estate Taxes?

Among the taxes that are being considered for repeal as part of tax reform legislation is the estate tax. This tax applies to transfers of wealth at death, hence why it’s commonly referred to as the “death tax.” Its sibling, the gift tax…
Expired tax deductions

Will Congress Revive Expired Tax Breaks?

Most of the talk about possible tax legislation this year has focused on either wide-sweeping tax reform or taxes that are part of the Affordable Care Act. But there are a few other potential tax developments for individuals to keep an eye on. Back…
Affordable Care Act

Affordable Care Act Tax Penalty

Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax penalty the ACA imposes on individuals who fail to have “minimum essential”…