April 23, 2019/Not-For-Profit
Spring 2019 Nonprofit Standard
Explore key trends impacting the nonprofit industry in the Spring 2019 issue of the Nonprofit Standard, including new guidance on taxable income from parking and additional information on the 21% executive compensation tax.
March 29, 2019/Furniture Insights
March 2019 Furniture Insights
New orders continue their upward pace, with 8% growth since January of 2018. While positive, this does not tell the whole story, as only half of participants reported increases in our latest Furniture Insights.
March 1, 2019/Furniture Insights
February 2019 Furniture Insights
Mixed results for December as orders are up 7% overall, but only 45% of participants reported they experienced an increase. Overall for the year, orders are up 6%, showing an continued positive trend of growth for the furniture industry.
February 10, 2019/Accounting and Auditing
A Fresh Look at Percentage of Completion Accounting
How do you report revenue and expenses from long-term contracts? Some companies that were required to use the percentage of completion method (PCM) under prior tax law may qualify for an exception that was expanded by the Tax Cuts and Jobs Act (TCJA). This could, in turn, have spillover effects on some companies’ financial statements. […]
February 8, 2019/Accounting and Auditing
Accounting for Overhead Costs
Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here’s guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for variances that may occur. What’s included in overhead? Overhead costs are a part of every business. These accounts frequently serve […]
February 3, 2019/Family Wealth, Financial Planning
How Incomplete Nongrantor Trusts Can Help Avoid State Income Taxes
With the federal gift and estate tax exemption at $11.40 million for 2019, people whose estates are below the exemption amount are shifting their focus to income tax reduction. High-income taxpayers, particularly those who live in high-income-tax states, may want to consider incomplete nongrantor trusts, which make it possible to eliminate state taxes on trust income.
January 31, 2019/Family Wealth, Mergers and Acquisitions, Business Planning, Financial Planning
An ESOP Can Benefit a Business Owner’s Retirement and Estate Plans
Did you know that an ESOP can be a powerful estate planning tool? It can help you address several planning challenges, including lack of liquidity and the need to provide for children outside the business.
January 30, 2019/Furniture Insights
January 2019 Furniture Insights
Orders up 6% year to date and 3% year over year in our latest Furniture Insights. Consumer confidence is also down, but most likely due to the temporary shock of the government shutdown. Overall, 2018 appears to have been a good year in the furniture industry.
January 24, 2019/Family Wealth, Financial Planning
Sudden Impact: When a Spouse Unexpectedly Dies
What if the unthinkable happens and your spouse dies unexpectedly? Would you be prepared to cope emotionally and financially? As the surviving spouse, you’ll face several tasks and challenges.
10 Common Property Tax Myths
For many businesses, property tax is the largest state and local tax obligation, and one of the largest regular operating expenses incurred. Unlike other taxes, property tax assessments are based on the estimated value of the property, and thus, are subject to varying opinions. Businesses that fail to take a proactive approach in managing their property tax obligations may be missing an opportunity to reduce their tax liability. Below are 10 common property tax myths, and the truths that counter them.
