Measuring “fair value” for financial reporting purposes
The balance sheet usually reflects the historic cost of assets and liabilities. But certain items...
Life insurance and an estate plan may not always mix well
A life insurance policy can be an important part of an estate plan. The tax benefits are twofold:...
Evaluating the Quality of Receivables
Accounts receivable represents a major asset for many companies. But how do your company’s...
Tax-Efficient Strategies for Employee Education Reimbursement
Reimbursing employees for education expenses can both strengthen the capabilities of your staff and...
Protect your nonprofit by cross-training staff
What would happen if one of your not-for-profit’s key people suddenly quit or had to go on...
Saving tax with home-related deductions and exclusions
Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and...
3 financial statements you should know
Successful business people have a solid understanding of the three financial statements prepared...
Consider key person insurance as a succession plan safeguard
In business, and in life, among the most important ways to manage risk is through insurance. For...
Disaster, Fire, or Theft? Learn About Casualty Loss Deductions
If you suffered damage to your home or personal property last year, you may be able to deduct these...
How auditors evaluate fraud risks
Assessing fraud risks is an integral part of the auditing process. Statement on Auditing Standards...