Insights

Although we have not seen major changes from 2010 on how your 2011 personal income taxes will be calculated, there have been a few changes to compliance that may leave you scratching your head. The changes include sharing more detailed information with the IRS, so that they can then cross-reference your return to third party…

The IRS released news that they will be temporarily extending the January and February filing deadlines for tax-exempt organizations until March 30, 2012. Organizations with normal filing deadlines that fall on January 17, 2012 or February 15, 2012 will be given the option to file throughout the month of March instead. According to the IRS,…

Over the last six years the topic of private company financial reporting and the need for a differential set of accounting and reporting standards has gained growing attention. As accounting standards have become increasingly complex, there has been overwhelming support for modifications of existing standards for private companies. Some of the concerns expressed by private…

What happens when your insurance company rejects the procedures you need? There are options available to you and ways to get your health needs met by following a few keys steps. In the greatest time of need when emotions are high and uncertainty exists, you hope your insurance company will come through. And in a…

Myth: Accounting systems are for the accountants and CRM is for the sales people. Isn’t that the way it goes? Not anymore. When I think of my first introduction to CRM (Customer Relationship Management), it conjures up images from years past of that box of software called ACT! (back then it was Symantec) that had…

While some businesses may still be sorting through all the legislative changes from 2010, it is getting to that time of year again when we need to complete our year-end planning for 2011. It’s uncertain if any major acts will be passed before year-end, but in the meantime, there are still plenty of opportunities that…

Lending money to family members may be personal, but it pays to treat loans like business. If you don’t, you could owe taxes on income you never received and gifts you never intended to make. Structured properly, however, an intrafamily loan can be a great way to help your kids or other family members buy…