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September 2018
Dig out your business plan to plan for the year ahead
Like many business owners, you probably created a business plan when you launched your company.
Using insurance to manage your nonprofit’s risk
Insurance is the cornerstone of any not-for-profit’s comprehensive risk management plan.
Tax planning for investments gets more complicated
For investors, fall is a good time to review year-to-date gains and losses.
The tax deduction ins and outs of donating artwork to charity
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts fr
Prevent occupational fraud from infecting your medical practice
Because most physicians have no background in business management or accounting, medical practices can be easy targ
Cash vs. accrual reporting: Which is right for your business?
Small businesses often use the cash-basis method of accounting.
Keeping a king in the castle with a well-maintained cash reserve
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position st
Leadership’s role during a nonprofit’s merger
If your not-for-profit is contemplating a merger or acquisition with another organization, you have a lot of wor
Train employees to help stamp out fraud
If your company is tired of being a fraud target, it’s time to train employees how to recognize and uncover unscrupulous activities — before irre
Be sure your employee travel expense reimbursements will pass muster with the IRS
Does your business reimburse employees’ work-related travel expenses?
Sustainability reports look beyond the numbers
In recent years, environmental, social and governance (ESG) issues have become a hot topic.
Fraud Examiners report: Awareness can help reduce losses
The typical business or other organization loses 5% of its revenues to fraud each year, with a median loss of $130,000.
Volunteers are assets nonprofits must protect
How much are your volunteers worth? The not-for-profit advocacy group Independent Sector estimates the value of the average American volunteer at $24.69 an hour.
Are you ready to expand to a second location?
Most business owners want to grow their companies. And one surefire sign of growth is when ownership believes the company can expand its operations to a second location.
2018 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018.
You might save tax if your vacation home qualifies as a rental property
Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year.
How to trim the fat from your inventory
Inventory is expensive. So, it needs to be as lean as possible. Here are some smart ways to cut back inventory without compromising revenue and customer service.
Conducting a preliminary fraud interview
If you suspect an employee of fraud, you’ll want to enlist the help of financial and legal advisors to handle the bulk of the investigation.
Compensating nonprofit board members
Contrary to popular belief, it’s usually perfectly legal to compensate not-for-profit board members — and sometimes it might even be necessary. But is it right for your organization?
How to reduce the tax risk of using independent contractors
Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits.
Do you need to make an estimated tax payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two
