Surviving Spouses as Sole Designated Beneficiaries of IRAs

October 03, 2016

Surviving spouses who are sole designated beneficiaries of a decedent's IRAs have two favorable options with respect to those IRAs that other beneficiaries do not.

Special options available to surviving spouses. Like any other...

Business or Hobby Income?

September 09, 2016

It’s important to distinguish between what is considered a hobby activity and what is considered a business activity for your tax return. For a business, you can deduct any expenses that occurred as long as the expenses are both ordinary and necessary...

Controllers for Hire

August 05, 2016

I read an AICPA article once about the importance of having CPAs in your C-Suite. Why? CPAs are increasingly involved in strategy execution and value creation activities. CPAs have a very high level of professional competence, are found to be...