June 1, 2021
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June 1, 2021How to strengthen your internal controls
Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating... -
May 24, 2021An S corporation could cut your self-employme...
If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you’re... -
May 24, 2021Protect your assets with a “hybrid” DAPT
One benefit of the current federal gift and estate tax exemption amount ($11.7 million in 2021) is that it... -
May 24, 2021Using your financial statements to evaluate c...
Strategic investments — such as expanding a plant, purchasing a major piece of equipment or introducing a new product... -
May 17, 2021Beware of the “reciprocal trust” doctrine
If you and your spouse have similar irrevocable trusts that benefit each other, it’s important to know that the... -
May 17, 2021What’s “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.”... -
May 12, 2021Help ensure the IRS doesn’t reclassify indepe...
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these... -
May 12, 2021Should a tax apportionment clause be in your ...
Even though the federal gift and estate tax exemption is currently very high ($11.7 million for 2021), there are... -
May 12, 2021Receivables may be a source of cash in tough ...
Many companies are continuing to struggle financially during the COVID-19 pandemic. If cash is tight, what can your business...
