Climbing the “hierarchy of needs” to find employee engagement
In 1943, psychologist Abraham Maslow set out his “hierarchy of needs.” This theory suggested that...
Tax impact of investor vs. trader status
If you invest, whether you’re considered an investor or a trader can have a significant impact on...
Are frequent flyer miles ever taxable?
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to...
The IRS can reclassify S corporation distributions as wages
If you run your business as an S corporation, you’re probably both a shareholder and an employee....
Charitable Real Estate Donations | Avoid Common Tax Traps
Did you know that the estate of director John Hughes donated the family’s Illinois mansion to a...
Use cause marketing to boost your nonprofit’s profile
Although corporations and not-for-profits have been teaming up for decades, “cause marketing”...
An effective succession plan calls for decisive action
The prospect of leaving your company in the hands of someone else likely brings mixed emotions....
Now’s the time to start thinking about “bunching” — miscellaneous itemized deductions, that is
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the...
Protect Your Business: Tips for Using Independent Contractors
Many businesses use independent contractors to keep payroll taxes and fringe benefit costs down....
Financial Analytics: Laying the Groundwork for Your Audit
An auditor does significant legwork before starting field work. During the audit planning phase, he...