Cyber Risks: preventive measures for manufacturers
Cyberattacks are on the rise. Manufacturers who rely on automation, robotics and connected networks are especially vulnerable. Here’s what you can do to protect your business against ransomware and other attacks from criminals using the
Understanding tax issues related to shareholder loans
Owners occasionally borrow funds from their businesses. You may, for example, need an advance to cover your child’s college costs or a down payment on a vacation home. If your company has extra cash on
There’s still time for homeowners to save with green tax credits
The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). So, you still have time to
3 mutual fund tax hazards to watch out for
Investing in mutual funds is an easy way to diversify a portfolio, which is one reason why they’re commonly found in retirement plans such as IRAs and 401(k)s. But if you hold such funds in
Awards of RSUs can provide tax deferral opportunity
Executives and other key employees are often compensated with more than just salary, fringe benefits and bonuses: They may also be awarded stock-based compensation, such as restricted stock or stock options. Another form that’s becoming
Preparing for a sale — even if you have no plans to sell
Many business owners are so consumed with the day-to-day responsibilities of running a company that they don’t have time to consider the idea of selling. But even if retirement is the last thing on your
Professional valuations can help resolve pricing discrepancies
Business sellers often are dismayed to find that buyers don’t put as high a price on their companies as the sellers believe they deserve. By the same token, buyers that paid an above-market price often
How can my family business avoid a succession struggle?
It’s a common scenario in family-owned businesses. Two of the owner’s children inherit the company and, while one is eager to sell, the other wants to keep the business in the family. Unfortunately, such conflicts
Today’s asset purchase could turn into tomorrow’s tax break
Shopping, anyone? If your business is in need of office equipment, computer software or perhaps an HVAC system like a Mitsubishi heat pump mini splits, the purchase you make today could provide you with a
Finding the right tax-advantaged account to fund your health care expenses
With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs) all provide opportunities
Combine business travel and a family vacation without losing tax benefits
Are you thinking about turning a business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if you’re not careful, you could
Pease & Associates will change hours of operation during the Republican National Convention
The Republican National Convention will be held in Cleveland, July 18-July 21. Pease & Associates has maintained regular contact with officials from the Cleveland Police Department and Playhouse Square to learn how our area of