8.6.19
Tax Breaks for Teachers
When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies…
8.6.19
Tax Document Retention Guidelines for Small Businesses
You may have breathed a sigh of relief after filing your 2018 income tax return (or requesting an extension). But is your office strewn with…
8.6.19
Consider the Flexibility of a Self-Directed IRA
Traditional and Roth IRAs can be relatively “safe” retirement-savings vehicles, depending on what they’re invested in. But a drawback is that they limit your investment…
8.5.19
DOL Expands Retirement Plan Options for Smaller Businesses
The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their…
8.5.19
The Revenue Recognition Principle and Recent Changes
Understanding the difference between revenue and income is essential to understanding revenue recognition: Revenue is defined as the total amount of money a business receives…
8.5.19
How Human Resources Works for Auto Dealerships
Managing an auto dealership is a lot like managing any other business, but in most cases, your employees are not truly your employees. What does…
8.1.19
IRS Eases Rules for Nonprofit Restructurings
Is your nonprofit thinking about merging or otherwise restructuring? You’re not alone. Whether to firm up their financial footing, pursue broader goals or change locations,…
7.30.19
Current and Proposed Overtime Pay Exemption Rules
The Fair Labor Standards Act (FLSA) requires that most employees be paid overtime pay at time and one-half the regular rate of pay for all…
7.29.19
Critical Questions to Ask About Internal Controls
When fraud strikes manufacturers, the effects can be devastating. The median fraud loss in the manufacturing sector was $240,000, according to the 2018 Report to…
7.29.19
Take a Closer Look at Home Office Tax Deductions
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on…