May 26, 2022 | Advisory, Blog, Closely Held Businesses, Cybersecurity, Estate Planning, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft,...
May 16, 2022 | Advisory, Blog, Estate Planning, Family Administrative Services, Nonprofit, Tax
Nongrantor trusts can help you make charitable gifts that provide greater tax benefits than you would receive for individual donations. Although you do not give to charity simply for the tax deductions, it is wise to make the most of the money you have. Individual and...
Feb 9, 2022 | Accounting, Advisory, Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business, Tax
Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS issued a series of three Revenue Procedures addressing the tax...
Jan 31, 2022 | Advisory, Blog, Business Valuation
The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are not considered when estimating value. However, there are two key exceptions. 1. When an Event Is...
Jan 24, 2022 | Advisory, Blog, Manufacturing, Real Estate and Construction, SBA
As you are no doubt aware, bookkeeping for builders is challenging. Construction companies tend to have unstable workforces, wage rates that can change by location, and multiple ongoing projects with various costs and durations. Here are some bookkeeping tips that can...
Jan 20, 2022 | Advisory, Audit, Benefit Plans, Blog
Receiving a notice that the IRS is auditing an employee benefit plan is news that no employer wants to receive. If your company does get such a notice, knowing what to expect and preparing for the audit itself are the best ways to help the process go as...
