Blog

Chris Wittich | Dec. 16, 2021

IRS Crypto Enforcement

It took the IRS years to issue any guidance related to cryptocurrency or virtual currency but in recent years a…

Kevin Berg | Dec. 16, 2021

Cryptocurrency: What You Need to Know

Recently the prevalence and acceptance of virtual currencies has expanded dramatically. With buying and trading being simplified through trading on…

Kevin Berg | Dec. 16, 2021

Infrastructure Bill: Cryptocurrency Rules

On Monday November 15, 2021 President Joe Biden signed into law the $1 trillion dollar Infrastructure Investment and Jobs Act…

Becky Gibbs | Dec. 15, 2021

Budgeting Ideas for Uncertain Times

Budgeting, like many other things, was generally easier before COVID-19. Even though the pandemic isn’t over and much remains uncertain,…

Ashley Sparks | Dec. 8, 2021

A Credit Card Use Policy Can Help Prevent Abuse

During the busy holiday season, not-for-profit executives may rely on staffers to purchase gifts and holiday party supplies for the…

John Csargo | Dec. 8, 2021

Could an FLP Fit Into Your Succession Plan?

Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership…

Anna Lovegren | Dec. 1, 2021

Why Excess Benefit Transactions are Out-of-Bounds

Emily was a dedicated board member of her community’s most prominent social-services charity. But her commitment to the cause and…

John Csargo | Nov. 29, 2021

IRS Announces Adjustments to Key Retirement Plan Limits

In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here…

Randy Feld | Nov. 15, 2021

6 Steps to Prepare Your Business for a Sale

The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses. Before putting…

John Csargo | Nov. 11, 2021

Are You Liable for “Nanny Taxes”?

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees…

John Csargo | Nov. 11, 2021

Five Tax Planning Tips for Retirees

There’s a common misconception that, after retirement, tax bills shrink, tax returns become simpler and tax planning is a thing…

John Csargo | Nov. 11, 2021

Deducting Business-Related Meals

The TCJA permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017. But it didn’t specifically address…

Becky Gibbs | Nov. 5, 2021

Your Board Can’t Do Its Job Without Information From You

If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Board…

Tom Margarit | Nov. 3, 2021

In Memory of Ray Joyner

It is with great sadness that we learned of the passing of Ray Joyner. Ray was a partner with Boyum…

Ashley Sparks | Oct. 25, 2021

How Business Owners Can Comply with New Financial Crime Regulation

Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is…