07.31.18

Make Your Charitable Contributions Count Under the Tax Cuts and Jobs Act
Peggy Vyborny

The Tax Cuts and Jobs Act will likely reduce the tax benefits of your charitable contributions. However, that does not mean you should stop giving or reduce the size of your gifts. After all, the availability of tax deductions is not the reason you give.

07.25.18

Plan Documents: Be Proactive to Avoid Violations
James Pellino

Anyone administering a retirement plan quickly realizes that it can be a daunting task. A key requirement that many administrators inadvertently miss is operating the plan in accordance to the plan documents.

07.23.18

Clean Up Your Books: Six Bad Bookkeeping Habits to Break Now

New clients frequently ask us how to best organize their neglected books. The truth is, the sooner you clean up your books, the sooner your outsourced accounting team can focus on growth. Growth is awesome, bad bookkeeping habits are not.

Break these six bad bookkeeping habits before you find yourself drowning in disorganization.

07.18.18

Implementing ASU 2016-14: Presentation of Financial Statements for Not-for-Profit Entities
Alison Fetzer

The time has come to begin implementing the new not-for-profit financial statement presentation standard. ASU 2016-14 is effective for all not-for-profit entities with calendar years ended December 31, 2018 or fiscal years ended in 2019. Do not let the name of the standard mislead you, there are more to these new rules than wording changes. […]

07.10.18

The Tax Impact of Theft in a Real Estate Scam
Thomas Kosinski

No one ever wants to be the victim in a real estate scam, but as scams become more increasingly sophisticated, the risk is also growing rapidly. Though tax rules offer some relief, victims do not always benefit from a tax deduction for fraud losses.

07.05.18

Value-Based Pricing Comes to Law Firms

The concept of value-based pricing is already common in the consulting world and has received a big boost in the health care industry thanks to various initiatives launched in conjunction with the Affordable Care Act. Will this transfer over to the legal industry?

06.27.18

Siloing Your Social Media Strategy
Kevin Omahen

Your social media efforts should not exist as an island apart from your organization’s other strategies. Be sure to incorporate social media into your overall strategic planning and align your social media tactics with the organization’s mission and goals.

06.22.18

Ready for REITs? Real Estate Can Help Diversify Your Portfolio

The stock market’s roller coaster ride earlier this year suggests that 2018 is going to be bumpier than previous years. If volatility makes you nervous, it is important to maintain a diversified portfolio that will not plummet in value every time the Dow drops or interest rates tick up. One way to diversify your portfolio is with real estate.

06.21.18

The Rise in Cash Balance Plans

Cash balance plans, a defined benefit plan that defines the benefit in terms that are more characteristic of a defined contribution plan, has grown in popularity in recent years.  According to the statistics per the most recent IRS Form 5500 filings, these hybrid plans have increased by approximately 17%, whereas traditional 401(k) plans increased by a more modest 3% over the same time period. 

06.12.18

How to Put Financial Statements to Work for Your Business
Kenneth Tornheim

Spring is the time of year that calendar-year-end businesses receive financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP). This year, take your financial statements beyond compliance and use it to develop a comprehensive business plan.