INSIGHTS
We See Things Differently
When we’re not addressing clients’ needs for business and financial advisory, assurance or tax matters, we’re researching, learning and thinking about related subjects. Check out some of our thinking on a broad variety of topics that may impact your organization. And if you’d like to learn more about any of these topics, we’re always happy to talk.
The 5-Step Year-End Planning Checklist for Businesses
Year-end planning is more than just closing your books. It’s your opportunity to learn from the previous year and set your business on the right track to achieve your goals for the upcoming year. Here is a checklist of things you should start now and complete before the end of this year to close this year out right and help your business plan for the upcoming year.
What Businesses Need to Know About the MarylandSaves Program
In September 2022, Maryland introduced the MarylandSaves program, which is designed to help businesses comply with both federal and state laws mandating that employers offer retirement savings for employees. Here’s what business owners need to know about this program, even if you already offer a retirement plan for employees.
The Pros and Cons of Hosting In-Person vs. Hybrid vs. Virtual Events for Associations
In today's landscape, one of the biggest choices you'll face as an association event planner is whether the event should be held virtually, in a hybrid format, or fully in person. Here is a breakdown of the three main event formats and what to consider when choosing the format for your next event.
Things to Consider Before You Meet with a Financial Planner
When it comes to planning for the future, taking the first step can be the most daunting task. Here are some things to consider before you begin your financial planning journey.
Choosing the Right Business Structure
Whether you’re getting a startup off the ground or ready for your business to go public, how the company is structured affects everything. Here is a breakdown of the pros and cons of the main types of business structures.
Things to Consider When Selecting Strategic Partnerships
Forming a strategic partnership can benefit both your business and your clients in many ways, making it something worth considering if you’re looking to expand, improve, or network. Here are a few of the benefits of forming successful strategic partnerships.
10 Small Business Red Flags that Could Trigger an IRS Audit
An IRS audit is a stressful experience for any business owner, but it can be especially daunting for small business owners. While some audits are triggered randomly, most are caused by "red flags" that catch the attention of the IRS. Here are 10 things that could trigger an IRS audit.
TCJA Tax Benefits Phasing Out: What You Need to Know
When the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, the law made significant changes to the U.S. tax code, but those changes were always meant to be temporary. While some of those provisions have already expired, others will continue to phase out until 2027. Here are the notable tax benefits that are expiring soon.
Two New Bills Propose Tax Changes
The House and Senate announced two proposed bills earlier this summer. The bills include tax changes to revive the child tax credit and increase the standard deduction.
TJCA Bonus Depreciation Has Started Phasing Out
When the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017, it included many beneficial tax provisions for businesses. One of the most notable was an increase in the bonus depreciation allowance from 50% to 100%. However, the bonus depreciation allowance is scheduled to phase out over a period of four years, beginning in 2023.
Developing the Next Generation of Leadership
As a business leader, you’ve spent years building your company. You’ve invested your time, effort, and resources. Eventually, there will come a time when you’re ready to step down and hand over the keys to the next generation.
Generative AI for Businesses: What Businesses Need to Know About This Powerful Tool
Artificial intelligence has taken the world by storm. From idea generation to content writing, AI can be used to automate a variety of everyday business tasks. Here is a breakdown of the ins and outs of generative artificial intelligence and what businesses need to be on the lookout for.
Landing the Right Talent: Developing Your Recruiting Strategy
When it comes to recruiting top talent, the competition is raging. By having a recruiting strategy, you will be able to work smarter, not harder, to attract and land top talent.
The 23-Year Retirement Plan: Important Milestones to Secure Your Financial Future
Saving for retirement is a crucial aspect of securing your financial future, and the earlier you start, the better. With the average retirement age increasing, it's essential to have a well-planned retirement strategy in place.
What is Key Person Insurance?
When it comes to running a business, there are always risks that need to be addressed. One of the most significant risks is the possibility of losing a key employee or owner. If the business is not prepared, this can be a catastrophic blow. This is where Key Person Insurance can help.
What You Need to Know When Starting Your Legacy Planning
Legacy planning is a sensitive subject that requires careful consideration to ensure your wishes are met when you pass away. Legacy planning involves more than just distributing personal assets; it includes preserving, planning, and ensuring a smooth transition. In addition, as a business owner or executive, it is equally important to consider what you leave behind for both your company and loved ones.
In the Wake of the SVB Collapse, Is Your Money Safe?
Silicon Valley Bank (SVB), an institution that held $210 billion in assets, made headlines in March of 2023 as it filed for bankruptcy. In the wake of the unexpected downfall and the subsequent bank runs across the country, many Americans are asking; is my money safe?
Which Car Purchase Can I Get a Tax Break For?
The Inflation Reduction Act of 2023 introduced a variety of clean energy credits. However, these Clean Vehicle Tax Benefits do not apply to all vehicles or all EV or Hybrid vehicles.
