Differentiating Active vs. Passive Appreciation in Divorce

Dec 5, 2018

The laws in most states make a distinction between marital and separate property for purposes of marital dissolution. Marital property is subject to division, while separate property — such as property a spouse owned prior to marriage or received b ...

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How CFOs can Face the Challenges of Modern Finance

Nov 30, 2018

The advancements in business strategies and technologies necessitate that chief financial officers (CFOs) adapt to increase revenue, overcome external pressures, and put their business ahead of the curve. This is often easier said than done, but ther ...

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2018-2019 Tax Planning Guide

Nov 30, 2018

With 2018 being the first year that the many changes created by the Tax Cuts and Jobs Act (The Act) are applicable, this may well be the most important tax planning guide in decades. Signed into law on December 22, 2017, The Act represents the most s ...

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Top ERP Trends to Watch in 2019

Nov 27, 2018

The year 2018 has been amazing for enterprise resource planning (ERP) software developers, vendors, and users alike. Businesses that implemented an ERP system have realized all the ways it can streamline accounting, reduce costs, and improve decision ...

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IRS Issues Warning About "Tax Transcripts" Email Scam

Nov 20, 2018

The IRS has just issued a warning about the latest tax scam. In a November 19 press release, the Agency warns, “of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing mal ...

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Now’s the Time to Organize Your Tax Records

Nov 20, 2018

The period between filing last year’s tax return and this year’s return is the perfect time to organize your tax records. Granted, it may not be something you relish doing, but tackling this now can save you a multitude of headaches later. Tax la ...

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5 Things to Know about Substantiating Donations

Nov 19, 2018

There are virtually countless charitable organizations to which you might donate. You may choose to give cash or to contribute noncash items such as stock, personal property or real estate. Whatever you donate, once you do the good deed, you owe it t ...

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2 Ways to Transfer a Family Business

Nov 15, 2018

For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from one generation to the next. The best approach depends on your particular circumstances. If your net ...

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Don’t Get Taxed Twice on Nondeductible IRA Contributions

Nov 14, 2018

Do you make nondeductible contributions to a traditional IRA? If so, you need to understand the tax treatment of distributions to ensure you’re not taxed twice on the same income. Justify your strategy There are several reasons why you might contri ...

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Are You Aware of the Global Intangible Low-taxed Income (“GILTI”) Requirements?

Nov 9, 2018

Did you know that starting in 2018, US shareholders face a new US tax on the annual active earnings of certain foreign corporations, whether or not the earnings are distributed?  This is known as the tax on Global Intangible Low-taxed Income (“GIL ...

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