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.
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 […]
Real Estate Group Newsletter – Fall 2017
Is it Time to Revisit Captive Insurance? Jeff Newman, CPA, JD Many businesses use captive insurance companies to meet their risk management needs, control costs and reduce taxes. Recent developments have created new opportunities to take advantage of captives. At the same time, new restrictions designed to curb perceived abuses of micro-captives may require some […]
Manufacturing and Distribution Group Newsletter – Fall 2017
Tax Issues to Consider When Investing in Training and Recruiting Adam Guldan, CPA, MST A common challenge for manufacturers is the shortage of skilled workers. Training and recruiting are effective options to resolve this issue; however, they require significant time and monetary commitments. The goal is to meet the labor needs of your company in […]
Law Firm Group Newsletter – Fall 2017
It’s Time to Pay: Revenue Versus Profit-Based Compensation Robert Rifkin, CPA, MBA Every law firm uses a formula to compute a partner’s compensation. The two formulas used by most law firms is either based on a partner’s billable revenues or the profits that each partner contributes to the firm’s bottom line. To achieve your firm’s […]
Health Care Group Newsletter – Fall 2017
Technology continues to grow and expand. In today’s evolving society, individuals look to social media to be informed and to connect with one another. By now, most people are familiar with social media, even in the unlikely event that they don’t participate in it. If you are interested in enacting a social media strategy for your practice, it is important to know the pros and cons to these platforms.
Not-For-Profit Group Newsletter – Fall 2017
Is Board Member Compensation a Good Idea? Barbara Miller, CPA If your organization struggles each time it needs to fill a board vacancy and does not always come up with the candidates it desires, it may be time to consider creating a board compensation program. Add Up the Pluses and Minuses There are advantages to […]
Tax Connections Newsletter – Fall 2017
If a business dedicates resources to creating or improving products, processes or software, it may be eligible for substantial federal tax credits for “increasing research activities.” There’s just one catch: To enjoy the benefits, the company must have sufficient federal tax liability against which to offset the credit. Historically, that meant income tax liability, but qualifying small businesses may now elect to apply some or all of their research credit against up to $250,000 in payroll taxes. This article details how to claim a research payroll tax credit. A sidebar explains how a business can claim the credit on their 2016 return.
Law Firm Group Newsletter – Summer 2017
ORBA’s Law Firms and Lawyers Group Newsletter is a quarterly publication focused on effective law firm management. The Summer 2017 issue includes two articles, “What Is Your Firm Worth?" and "How Paralegals Affect Your Bottom Line."
Real Estate Group Newsletter – Summer 2017
ORBA’s Real Estate Group Newsletter is a quarterly publication focused on effective real estate practice management. The Summer 2017 issue includes two articles: “Exercise Caution with Joint Venture Financing” and “Is a Prospective Commercial Tenant creditworthy?”