Identify all of your company’s retirement plan fiduciaries
Your company probably offers its employees a retirement plan. If so, can you identify all of your retirement plan fiduciaries? From a risk management perspective, it’s critical for business owners to know who has fiduciary
Help prevent tax identity theft by filing early
Help prevent tax identity theft by filing early If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want
2017 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply
4 principles of competitive intelligence
We live and work in the information age. As such, the opportunity to gather knowledge about your company’s competitors and industry as a whole has never been better. This practice — commonly known as “competitive
It’s critical to be aware of the tax rules surrounding your NQDC plan
Nonqualified deferred compensation (NQDC) plans pay executives at some time in the future for services to be currently performed. They differ from qualified plans, such as 401(k)s, in that: NQDC plans can favor certain highly
Selling isn’t an owner’s only liquidity option
An outright sale isn’t the only option for business owners who seek liquidity. If you need to raise cash yet still want some control over your business or hope to transfer it to your managers
Beware of income-based limits on itemized deductions and personal exemptions
Many tax breaks are reduced or eliminated for higher-income taxpayers. Two of particular note are the itemized deduction reduction and the personal exemption phaseout. Income thresholds If your adjusted gross income (AGI) exceeds the applicable
Are you timing business income and expenses to your tax advantage?
Typically, it’s better to defer tax. One way is through controlling when your business recognizes income and incurs deductible expenses. Here are two timing strategies that can help businesses do this: Defer income to next
Carol Treska to share CPA insight at Female Entrepreneur Summit
The Female Entrepreneur Summit (FES) was created to support the underserved population of female business owners in Northeast Ohio and throughout the state. FES programming provides a platform for needed resources, education, and networking opportunities
Tax-smart options for your old retirement plan when you change jobs
There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement plan to get lost in the shuffle. But to keep building tax-deferred savings, it’s important
Turn that frown upside down – Making a distressed acquisition profitable
For experienced business buyers, turnaround acquisitions can yield big long-term rewards. But acquiring a troubled target can also pose greater risks than buying a financially sound business. That’s why you need to ensure that you
Why business entity matters when structuring an M&A deal
Taxes may not be the most exciting part of an M&A deal, but if you fail to consider how taxes will affect the final price, you may be in for an unpleasant surprise at closing.
