Blog

Ashley Sparks | Jan. 3, 2022

Commission Fraud: When Salespeople Get Paid More than They’ve Earned

When structured and managed correctly, a commission program can boost employee compensation and morale. But it also can tempt salespeople…

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…