Businesses of all stripes are about to embark upon a new calendar year. Whether you’ve done a lot of strategic planning or just a little, a good way to double-check your objectives and expectations is to revisit your business plan.Remember your … [Read more...]
2022 – 12/15 – What an assurance engagement involves
2023 limits and thresholds for 401(k)s and other qualified retirement plans
The IRS recently announced the 2023 dollar limits and thresholds for qualified retirement plans, reflecting the latest cost-of-living adjustments. Here are some relevant amounts to be aware of:Contribution limits for 401(k)s and other defined … [Read more...]
Timing is everything when it comes to accounting software upgrades
“Well, it still works, and everyone knows how to use it, but….”Do these words sound familiar? Many businesses stick with their accounting software far too long for these very reasons. What’s important to find out and consider is everything that comes … [Read more...]
Popping open some fringe benefit COLAs for 2023
In October, the IRS released the 2023 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits applicable to many popular fringe benefits. Shall we pop open a few? Here are some highlights:Health Flexible Spending Accounts (FSAs). … [Read more...]
Does your family business’s succession plan include estate planning strategies?
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession.When a nonfamily business is sold to a third … [Read more...]
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