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November 2019
Medical expenses: What it takes to qualify for a tax deduction
As we all know, medical services and prescription drugs are expensive.
2 valuable year-end tax-saving tools for your business
At this time of year, many business owners ask if there’s anything they can do to save tax for the year.
Manage your working capital more efficiently
Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero.
How to protect your nonprofit’s credit cards from misuse
A hypothetical not-for-profit staffer named Britney had maxed out her personal credit cards. So when her car needed repairs, she reached for her employer’s card.
Bridging the gap between budgeting and risk management
At many companies, a wide gap exists between the budgeting process and risk management.
What is your taxpayer filing status?
For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year.
The tax implications if your business engages in environmental cleanup
If your company faces the need to “remediate” or clean up environmental contamination, the money you spend can be deductible on your tax return as ordinary and necessa
Close-up on pushdown accounting for M&As
Change-in-control events — like merger and acquisition (M&A) transactions — don’t happen every day.
Accounting for contributions and grants is now easier
Accounting for contributions and grants has often proven complicated for not-for-profits, especially when they come with donor-imposed conditions.
3 key traits of every successful salesperson
Take a mental snapshot of your sales staff. Do only a few of its members consistently bring in high volumes of good margin sales?
Using your 401(k) plan to save this year and next
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan.
Small businesses: Get ready for your 1099-MISC reporting requirements
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others.
GAAP vs. tax-basis: Which is right for your business?
Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP).
How the EU’s data protection regulations might affect U.S. nonprofits
Your not-for-profit may have paid little attention to the European Union’s (EU’s) General Data Protection Regulation (GDPR), which took effect May 25, 2018.
Is multicloud computing right for your business?
Cloud computing — storing data and accessing apps via the Internet — has been widely adopted by businesses across industry and size.
You may be ABLE to save for a disabled family member with a tax-advantaged account
There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to whi
Small businesses: Stay clear of a severe payroll tax penalty
One of the most laborious tasks for small businesses is managing payroll.
How to keep track of small tools and equipment
Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many compa
