By Michael L. Cecere, CPA, MST If your company offers employees a benefit plan such as a 401(k), 403(b) or other type of pension, and you have 100 or more employees eligible to participate in the plan, you must submit an audited annual plan financial statement along with the annual Form 5500 to the U.S. […]
Is Your Company Required to Have an Employee Benefit Plan Audit? Read More »
By Karen G. Timmermans, CPA “For the only way in which a durable peace can be created is by world-wide…economic activity and international trade.” – James Forrestal (1892-1949), former U.S. Secretary of Defense Although international trade has been making headlines in recent months, it is not a new occurrence. Cross-border commerce has been taking place
Business Without Borders Read More »
By Derek B. Rawls, CPA, MST My physician has advised me to avoid too much salt in my diet. Studies have shown that excess salt intake can raise blood pressure. The same can happen when a business finds too much SALT – State and Local Taxes – in its diet. While there is much speculation
Putting SALT on the Table Read More »
By Richard P. Feilteau, CPA, CVA How much is your business worth? That is not a speculative question, or one that should be answered with a “ballpark” guess. Attaching an accurate valuation to a company is a critical part of ongoing business strategy. Exit Strategy Planning. If you are planning to sell your business it
Top 10 Reasons for a Business Valuation Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & GrayDecember 1, 2016 A personal service corporation is a C corporation that performs services in the professions listed in Sec. 448(d)(2)(A) and substantially all of the stock of which (by value) is held directly or indirectly by employees of the corporation and
Why Personal Service Corporations Should Care About the Amount Paid to Shareholders Read More »
Happy holidays! If your company hires temporary help during the busy weeks leading up to holidays, or if you hire seasonal workers at other times during the year, you may find yourself subject to the rules of the Affordable Care Act (ACA) that govern “applicable large employers.” But there is an escape for many employers.
Seasonal Workers and Health Care Read More »
With the holiday season rapidly approaching, now is the time many employers are addressing any seasonal gifts or bonuses they will be giving employees. You should be aware that the type and size of gift you give can affect both the company’s ability to deduct the cost, and the employee’s compensation liability for taxes. Let’s
Before You Hand Out Those Holiday Turkeys… Read More »
Have you started your holiday shopping yet? If you are a business that promotes itself by giving holiday gifts to clients or vendors, the tax law has some very Grinch-like rules about deducting the cost of the gifts you give during the holidays, or at any other time of year. The IRS publication 463 explains
Ho, Ho, Hold it! Be Careful How You Deduct those Holiday Gifts Read More »
Why a nonqualified deferred comp plan may be right for youWhat if a nonqualified deferred compensation plan (NQDCP) enabled your senior managers to replace a higher proportion of their current income when they retire? While NQDCPs often are perceived as only for top executives, they may also be right for your upper-level staff. Some considerationsThe
Why a Nonqualified Deferred Comp Plan May Be Right For You Read More »
Watch out for these common M&A deal obstaclesEverything may be going according to plan in an M&A negotiation, until something suddenly puts the entire deal in doubt. Perhaps the buyer gets cold feet after conducting a round of due diligence or the selling owner feels insulted by what he considers a lowball offer. Whatever the
Watch Out for These Common M&A Deal Obstacles Read More »