Forecasts vs. projections: What’s the big difference?
May 19, 2022
Use your accountant for more than reporting historical results. Here’s how an accounting professional can help you prepare for the future.
Inflation enhances the 2023 amounts for Health Savings Accounts
May 17, 2022
If your business provides Health Savings Accounts to employees, you know they have many benefits. Here are a few of them, along with the inflation-adjusted amounts for 2023. Hint: They’re going up more than they have in recent years due to high inflation.
Adding an arbitration provision to an ERISA-compliant retirement plan
May 16, 2022
Many popular retirement plans, such as 401(k)s and 403(b)s, must comply with ERISA. A recent court case addressed whether and how an arbitration provision might hold up in such plans.
Valuable gifts to charity may require an appraisal
May 13, 2022
There are certain requirements if you donate valuable assets to charity. The penalty for failing to follow the rules is generally denial of the charitable deduction. Here are the requirements for obtaining an appraisal.
Do you know the signs of financial distress in a business?
May 12, 2022
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
Keep tabs on culture to maximize productivity, minimize risks
May 11, 2022
No matter how long your organization has been around, it’s a good idea to regularly assess the advantages and risks of its culture. Here’s one time-honored tool for identifying yours.
