Providing a company car? Here’s how taxes are handled The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions... Read More
The tax implications of owning a corporate aircraft If your business is successful and you do a lot of business travel, you may have considered buying a corporate aircraft. Of course, there a... Read More
A credit card use policy can help prevent abuse During the busy holiday season, not-for-profit executives may rely on staffers to purchase gifts and holiday party supplies for the organiz... Read More
How are court awards and out-of-court settlements taxed? Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damag... Read More
Could an FLP fit into your succession plan? Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership a... Read More
Coming soon: New accounting rule on government assistance disclosures On November 17, the Financial Accounting Standards Board (FASB) issued a new accounting standard on disclosing certain types of govern... Read More
FASB offers practical expedient for private companies that issue share-based awards On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies t... Read More
Getting personal for fundraising success According to a recent survey conducted by fundraising platform FrontStream, the vast majority (87%) of Americans say they’re donating... Read More
Engaging in customer-focused strategic planning When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, ... Read More
You may owe “nanny tax” even if you don’t have a nanny Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardene... Read More