Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new partner. The new … [Read more...]
Tax issues to assess when converting from a C corporation to an S corporation
April 13, 2022 by Jeff Rislov
Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S corporations may provide tax … [Read more...]
AI for small to midsize businesses isn’t going away
April 6, 2022
Artificial intelligence (AI) has made great inroads into certain sectors of the U.S. economy. However, it hasn’t reached many small to midsize businesses (SMBs) … [Read more...]
Key Franchise Services CDS Offers
March 29, 2022 by Mitchell Erickson
Our Franchise Service Experts can help your business streamline their bookkeeping processes, improve business operations, and reduce failure rates. Let us … [Read more...]
Power up your trust with Crummey powers
March 24, 2022 by Jill Hedman
The unified gift and estate tax exemption is set at an inflation-adjusted $12.06 million for 2022, up from $11.7 million for 2021. This means that for many … [Read more...]
A beneficiary designation or joint title can override your will
March 21, 2022 by Larry Stulen
Inattention to beneficiary designations and jointly titled assets can quickly unravel your estate plan. Suppose, for example, that your will provides for all of … [Read more...]
Benefits of Virtual CFO
March 9, 2022
Benefits of Virtual CFO Full access to a proven, experienced financial expertise Pay for what your company needs Company growth in terms of size and … [Read more...]
Should your Business Address Retirement Plan Leakage?
March 8, 2022 by Jeff Rislov
Under just about any circumstances, the word “leakage” has negative connotations. And so it follows that this indeed holds true for retirement planning as … [Read more...]
IRS Again Eases Schedules K-2 and K-3 Filing Requirements for 2021
March 8, 2022 by Mitchell Erickson
The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain … [Read more...]
5 Ways to Control your Business Insurance Costs
March 8, 2022 by Jeff Rislov
Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay … [Read more...]
