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Our Blog

How COVID-19 could impact year-end inventory counts

03 February 2021
How COVID-19 could impact year-end inventory counts

It’s almost time for year-end inventory counts. But, if COVID-19 cases are surging in locations where your company’s stores its inventory, you might need to alter your approach.


Principles to guide your nonprofit’s relationship with donors

02 February 2021
Principles to guide your nonprofit’s relationship with donors

The Donor Bill of Rights still offers solid principles for the care and handling of your nonprofit’s donors. But to help protect the charity/donor relationship, you should also learn about recent amendments to the original list.


Nonprofit boards must remain vigilant as long as the crisis continues

01 February 2021
Nonprofit boards must remain vigilant as long as the crisis continues

As long as the pandemic continues, nonprofit boards must be on their toes. Budgets and financial statements, in particular, may alert your board to impending trouble. Here’s what members should look for.


Do you want to withdraw cash from your closely held corporation at a low tax cost?

29 January 2021
Do you want to withdraw cash from your closely held corporation at a low tax cost?

Are you the owner of a closely held corporation and want to take cash out? For tax purposes, you probably want to avoid a dividend distribution. Here are some alternatives.


The importance of S corporation basis and distribution elections

28 January 2021
The importance of S corporation basis and distribution elections

Do you operate your business as an S corporation? Be aware that several elections are available to an S corp. or its shareholders that can affect the basis adjustments caused by distributions and other events.