Thinking

Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, property and sales tax Choosing a state that has no personal income tax may appear to be the best option. But that might not be the case once you…

A common estate planning mistake is to designate a minor as beneficiary — or contingent beneficiary — of a life insurance policy or retirement plan. While making your young child the beneficiary of such assets may seem like an excellent way to provide for him or her in the case of your untimely death, doing…

Article written by: Doug Davidson, Director of Information Technology and Steve Boston, Senior Manager, Assurance and Information Technology Services   The Securities and Exchange Commission (SEC) recently published new interpretative guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. While the new guidance does not change any of the SEC’s rules,…

Article written by: Darci Congrove, CPA Managing Director   New Tax Incentive For Investment In Low-Income Communities   Background Investment in a Qualified Opportunity Zone is a new program intended to connect private investment capital to low-income communities nationwide. This concept was originally presented in a bipartisan bill, the “Investing in Opportunity Act” as an innovative approach to spur long-term…

While bookkeeping is rarely high on a business owner’s list, it is one of the most essential tasks necessary for a business’ success. The information that effective bookkeeping provides is an important aid to business planning, reporting and goal setting, among other things. Without accurate and timely financial reports, it’s quite difficult to understand how…