It's not all taxes this time of the year! Our office likes to keep things fun when we're all stressed out. A lot of our team members were involved in producing this video including: Debra Smith, Angela Vogt, Keith Cantrell, and Giancarlo Sanchez. Enjoy!
This article discusses how the financial health of a small business is comprised of more than just the amount of sales. Taking a look at topics such as revenue, expenses, cash flow, and automation can be very beneficial in this competitive business market. Five key questions to ask yourself are also outlined in this article. To view this article, click HERE to access the original content.
This article discusses what it is like to be in charge of making important decisions when it comes to day-to-day operations in a business. Topics such as risk tolerance, risk appetite, and insurance programs are all outlined in great detail. No matter your business industry or current business position, these insights are worth taking a look at! To view this article, click HERE to access the original content.
On December 20, 2019, President Trump signed the SECURE Act into law, which makes changes to certain retirement plans. The SECURE Act has received a lot of publicity due to the provisions affecting inherited individual retirement accounts (IRAs). However, that’s not the only notable change of interest to individuals. This alert summarizes those provisions of the greatest interest to our private clients. Modification of required minimum distribution (RMD) rules for beneficiaries of inherited IRAs or [...]
Pivot CPAs, the area’s largest locally-owned independent CPA firm, is pleased to announce that they are the official race results sponsor of the 2020 DONNA Marathon. The firm has supported the DONNA Foundation for many years, and regularly has team members participate in one or more of the marathon events. “We initially got involved with the DONNA Marathon in order to support one of our team members, Raejean Echegaray, who is a two time breast [...]
When it comes time for financial documents to be corroborated, the three options available are a compilation, a review, and an audit. Each of these represents a very different degree of effort and investigation, and therefore each provides differing levels of confidence for investors and lenders. Let’s take a closer look at all three. The Compilation A compilation requires the least amount of work from an auditor, and though it is likely to cost the [...]
When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date. Among the many changes in that law was a more than doubling of the estate tax exemption. Prior to the TCJA, if the value of an individual’s estate at his or her [...]
Congress, at almost the last minute, has passed a large number of tax changes, including retirement plan issues that will become effective in 2020, as well as extensions through 2020 of a number of tax provisions that had expired or were about to end. The list of changes is quite large, so we have only included those that are most likely to affect individual tax returns. Here is a run-down on some of the new [...]
In the business world, there is a bar that individuals must meet or exceed in terms of customer service. No matter how difficult the customer may be, claiming yourself as a professional implies that you hold yourself to a gold standard in the workplace. This article discusses some of the best ways to ensure great customer experiences. To view this article, click HERE to access the original content.
This article highlights the work of Professor John Davis, who has been studying family enterprises and how they work since the 1970s. For example, he mentions how family businesses have natural strengths such as passion and persistence. However, he also discusses how fear of failure and change can be the downfall of these same businesses. To view this article, click HERE to access the original content.