05.22.18
Manufacturing and Distribution Group Newsletter – Spring 2018
Compilation, review or audit: Select the right level of assurance Joel Herman, CPA The term “financial statement assurance” refers to how much confidence lenders and other stakeholders have that a company’s financial statements will be reliable, informative and in conformity with U.S. Generally Accepted Accounting Principles (GAAP) or another appropriate financial reporting framework. Higher levels […]

05.11.18
Tax Connections Newsletter – Spring 2018
The price of giving: Tax reform’s impact on charitable donations If you make substantial donations to charity, it is important to evaluate the impact of the Tax Cuts and Jobs Act (TCJA) on the “price” of your gifts. Even though charitable giving is motivated primarily by compassion and generosity rather than the availability of tax incentives, […]

04.10.18
Health Care Group Newsletter – Spring 2018
How to Handle a Medicare Audit Laurence Sophian, CPA, MBA Generally speaking, the question isn’t if you get a Medicare audit, it’s when. Every Medicare claim undergoes statistical analysis, and Medicare compares individual claims data to all other data submitted. In addition, it now does so in real time. It’s important to understand how a […]

04.05.18
Not-For-Profit Newsletter – Spring 2018
Do the Math: Deciding if You Need a CFO Marva Flanagan, CPA Not-for-profits work hard to make the world a better place in one way or another. Their ability to pursue their mission depends greatly on their financial health and integrity. That is why it is beneficial for not-for-profits to employ a chief financial officer […]

03.23.18
Real Estate Newsletter – Spring 2018
Sitting Pretty – Real Estate Industry Among the Big Winners on New Tax Law Jeffrey Newman, CPA, JD By passing the Tax Cuts and Jobs Act (TCJA) in late December 2017, Congress granted the holiday wishes of many involved in real estate. While the TCJA brought good cheer for the business community in general, the […]

03.01.18
Not-For-Profit Group Newsletter – Winter 2018
Not-for-profits must state on their IRS Forms 990 the number of independent voting members on their board of directors. Donors, state attorney generals and the media increasingly have been scrutinizing this reporting, believing that independent directors are a key ingredient of good governance.

03.01.18
Law Firm Group Newsletter – Winter 2018
With many law firms’ high-performance expectations, demanding workload and long hours, some of today’s lawyers are “opting out,” searching for a better work/life balance. The partnership track isn’t the lure it once was. But your firm may be turning away profitable legal talent if it continues to phase out associates who don’t fit the partnership track. The solution is a two-tier system of equity and non-equity partners.

02.28.18
Tax Connections Newsletter – Winter 2018
At the end of 2017, the most sweeping tax reform legislation in decades was signed into law. Below are the highlights of the Tax Cuts and Jobs Act (TCJA) that affect individuals and businesses. Most of the changes go into effect this year.

02.07.18
Wealth Management Group Newsletter – Winter 2018
How far are you from your ideal retirement age? 20 years? 10? Perhaps only five? However close you are, you should be regularly reviewing your retirement savings account balances to confirm that you are on track to meet your goals.

01.12.18
Wealth Management Group Newsletter – Fall 2017
High-Income Earners Can Benefit From Roth IRAs Jacqueline Janczewski, CPA, MBT Roth IRAs—with their promise of tax-free growth and withdrawals—are appealing retirement savings vehicles. However, income restrictions typically limit the ability of high-income earners to contribute to these accounts. Fortunately, there are strategies for getting around these restrictions, including using “backdoor” Roth IRAs. Right for […]