blog
April 2, 2019
Make a Deductible IRA Contribution for 2018. It’s Not Too Late!

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and avoid paying taxes on ...

April 1, 2019
Fraud Fact – Crooks Prefer Cash

It should come as no surprise that cash is the most popular target of fraud perpetrators. After all, once stolen, cash itself is virtually untraceable. But that doesn’t mean forensic accounting professionals can’t unearth cash fraud schemes — and the crooks behind them....

March 28, 2019
Five Ways to Prevent Fraud in your Law Firm

Because they foster a collegial, trusting environment, law firms can be more vulnerable to fraud than many other types of businesses. Enforcing internal controls may simply seem unnecessary in an office of professionals dedicated to the law. Unfortunately, occupational thieves can take advantage of such complacency.  ...

March 20, 2019
How Fraud can Impact the Purchase of Your Dream Home

Buying a home is stressful enough without also having to worry about potential fraud. Unfortunately, real estate fraud is surging. According to Realtor magazine, scams targeting the industry rose 1,100% from 2015 to 2017, resulting in losses of more than $1.6 billion.  Home closing wire fraud should be of particular ...

March 20, 2019
Use an Implementation Plan to Make Strategic Goals a Reality

Strategic planning comprises two primary tasks: establishing strategic goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — that can really challenge a company....

March 20, 2019
Financial Market Recap – Week Ending March 15, 2019

Overview: Stocks had their best week since November last week, recovering the prior week’s losses. Major indices in both the US and globally were up between 2.5%-3% for the week. The gain was driven by strong earnings from technology companies, decent economic data and perceived developments in China trade talks. In Eu...

March 20, 2019
Stretch Your College Student’s Spending Money with the Dependent Tax Credit

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not eligible for the child tax credit. But there’s a dependent tax credit that may be available to you. It’s not as valuable as the child tax credit, but when you’re saving for ...

March 14, 2019
Five Ways to Support your Sales Staff

“I could sell water to a whale.”  Indeed, most salespeople possess an abundance of confidence. One could say it’s a prerequisite for the job. Because of their remarkable self-assurance, sales staffers might appear to be largely autonomous. Hand them something to sell, tell them a bit about it and let them do their ...

March 13, 2019
Is Return Fraud Cutting into Your Store’s Profits?

For brick-and-mortar retailers, return fraud can be a serious financial threat. There are several types of schemes. But when they’re successful, they all end the same way: Stores issue refunds that they shouldn’t have. Here’s what to look for and how to limit losses....

March 13, 2019
The 2018 Gift Tax Return Deadline is Almost Here

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. ...

March 13, 2019
Cash Planning – How Much Cash Should You Have on Hand?

Cash needs will vary with stages of life, the stability of income, future uses for the cash, and how cash fits into your overall portfolio allocation.  If you are holding what seems like a lot of cash, or are retiring soon, you may want to carefully consider how much cash you realistically can afford to hold. ...

March 12, 2019
Financial Market Recap – Week Ending March 8, 2019

Stock markets declined last week, posting their worst week of performance this year. The S&P 500, the MSCI international, and the MSCI EM markets all lost about 2% for the week. Three main catalysts drove the trade....