Advisory Articles
Top 10 Internal Controls to Mitigate Cybersecurity Risks in the Family Office
Posted by Jill Johnson on September 19, 2019
Cybersecurity risks do not just affect corporations and government entities but can be a common and very present danger to family offices and small businesses alike.
Claiming Your Parent as a Dependent
Posted by D’Marie Murray on September 13, 2019
If you pay over half the cost of supporting a parent, he or she is considered your dependent for federal income tax purposes — which may qualify you to some significant tax breaks.
Taxes and Long Term Care Insurance – What Your Need to Know
Posted by Bryan Staniszewski on September 12, 2019
If you or a loved one needs long-term care, consider purchasing a long-term care (LTC) insurance policy. As a bonus, qualified LTC policies may deliver some tax breaks.
Tips for Picking the Right Nursing Home Facility
Posted by Jeffrey Budzinski on September 03, 2019
Do you have a loved one — perhaps an elderly father or mother — who may soon need extended nursing care? Moving a relative into a long-term care facility can be a costly proposition, but there's more to consider than just the price tag.
Navigating a Global Expansion
Posted by Amanda Mooney on September 02, 2019
Is your business part of the global economy? If not, it may be losing out on some revenue- and value-building opportunities.
Changing Jobs? What Will Become of Your 401(k) Balance?
Posted by Bryan Staniszewski on August 29, 2019
Most private-sector employers put you in the driver's seat when it comes to saving for retirement. You might prefer the flexibility of rolling over your accumulated retirement savings into an IRA. This choice assumes, however, that your next employer's 401(k) plan allows you to move money into it from another 401(k) plan.
Uncertain Tax Position Disclosures: Is Your Organization in Compliance?
Posted by Donna Gonser on August 16, 2019
As a not-for-profit, tax-exempt organization, you might think the subject of “uncertain tax positions” (UTPs) doesn't apply to you. Think again.
Another Massive Data Breach: How to Help Protect Yourself
Posted by Jill Johnson on August 15, 2019
The news of another massive online data breach may make you feel powerless to safeguard your financial privacy, but you can take some concrete steps to protect yourself in the aftermath of the recent Capital One case, as well as other breaches.
Beneficiaries Learn a Lesson About Paying Estate Taxes
Posted by D’Marie Murray on June 27, 2019
Beneficiaries of a South Dakota estate failed to make a payment when submitting a federal estate tax return — and again failed to pay when the IRS subsequently notified them of additional assessments. The IRS sued. In U.S. v. Ringling (2017), a district court reviewed the facts and ultimately granted the IRS's summary judgment motion.
Nonprofit Heart, Business Mindset: The Business of Impact
Posted by Donna Gonser on June 26, 2019
Are the words “nonprofit” and “business” completely at odds?