Is the traditional benefits package enough? Should we be offering pet insurance or maybe free lunches? If you’ve found yourself asking these questions you are not alone. Organizations of all…
Dec 10, 2018 Read more
News
As a reminder, Accounting Standards Update (ASU) 2016-14 is effective for 12/31/18 year-ends and will affect every nonprofit organization. In our last article, “Functional Allocation of Expenses,” we provided information…
Dec 7, 2018 Read more
In the wake of the Wayfair case, the South Dakota Legislature met for a special session on September 12, 2018 to discuss issues related to remote sellers and e-commerce. Senate…
Oct 1, 2018 Read more
Opportunity Zones are a new tax incentive coming from the Tax Cuts and Jobs Act (TCJA). These zones were created with the intent to connect private investment capital to economically…
Oct 1, 2018 Read more
In an S corporation, employee fringe benefits paid on behalf of a 2% shareholder are subject to special rules. A 2% shareholder is any person who owns more than 2%…
Oct 1, 2018 Read more
Since the Affordable Care Act (ACA) was passed, there has always been confusion: who needs coverage and who is exempt, how much and when are penalties imposed, and what are…
Oct 1, 2018 Read more
Are child/dependent care costs 100% deductible? I was recently meeting with a new client to gather their information to prepare their individual tax return, and we came across child care…
Oct 1, 2018 Read more
Do you know what is really in your bank account? Do you know within days if a customer’s check bounced? Do you confirm that the teller is depositing your money…
Oct 1, 2018 Read more
Almost every business produces Unclaimed Property. If steps haven’t been taken to identify, notify, report, and remit on an annual basis – now is a good time to start. The…
Oct 1, 2018 Read more
As business owners, you are busy bringing in new customers, taking care of existing customers, grooming employees, managing inventory, analyzing financials and the list goes on. When do you take…
Oct 1, 2018 Read more