Succession Planning Requires Smart Strategies

Succession Planning Requires Smart Strategies

Succession planning is important in any business, but it is sometimes overlooked in family-owned operations. This is a big mistake. There are many family-run companies that no longer exist because of a poor succession plan or none at all. Begin the Conversation The...
Avoiding Nonprofit Tax Traps

Avoiding Nonprofit Tax Traps

If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it is still possible for nonprofits to follow the rules and experience adverse tax...
How to Prevent Check Fraud

How to Prevent Check Fraud

Check those checks closely. Although debit cards, electronic funds transfers, and other high-tech ways of moving and paying money have become popular, check fraud remains a risk for businesses and other organizations. According to the most recent fraud survey by the...
Personal vs. Business Goodwill

Personal vs. Business Goodwill

You cannot physically touch goodwill, but it is a significantly valuable asset for many businesses. Although it is most commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors, and other types of...