Saving

Keep it SIMPLE: A tax-Advantaged Retirement Plan Solution for Small Businesses

By |2018-08-30T12:44:06+00:00August 30th, 2018|Preparation, Saving|

If your small business doesn’t offer its employees a retirement plan, you may want to consider a SIMPLE IRA. Offering a retirement plan can provide your business with valuable tax deductions and help you attract and retain employees. For a variety of reasons, a SIMPLE IRA can be a particularly appealing option for small businesses. [...]

The TCJA Prohibits Undoing 2018 Roth IRA Conversions, but 2017 Conversions are Still Eligible

By |2018-08-30T09:24:16+00:00August 30th, 2018|Change, Saving, Tax Reform|

Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA, which is subject to income taxes on all earnings and deductible contributions, and then discover you would have been better off if you hadn’t converted it? Before the Tax Cuts [...]

Business Deductions for Meal, Vehicle, and Travel Expenses

By |2018-08-24T13:56:03+00:00August 24th, 2018|Accounting, Deductions, IRS, Saving, Tax Reform, Tips|

A Critical Requirement Subject to various rules and limits, business meal (generally 50%), vehicle and travel expenses may be deductible, whether you pay for the expenses directly or reimburse employees for them. Deductibility depends on a variety of factors, but generally the expenses must be “ordinary and necessary” and directly related to the business. Proper [...]

The Impact of Qualified Business Income to the Valuation of a Pass-Through Entity

By |2018-07-16T10:52:23+00:00July 11th, 2018|Business Valuation, Change, Preparation, Saving, TAX, Tax Planning, Tax Reform|

Jeremy Green, MBA, CPA, ABV, CFE, CFCI, Senior Forensic & Valuation Associate at TDT, provides insight on the impact of business valuations of pass-through companies from qualified business income. Jeremy specializes in business valuations, forensic accounting and litigation support engagements, succession planning, and management consultation services. Unlike “C” Corporations, who are taxed on their earned income [...]

Is it Time to Make a Change? C Corp vs. S Corp

By |2018-07-12T09:09:23+00:00May 22nd, 2018|Change, Deductions, IRS, Saving, TAX, Tax Planning, Tax Reform|

Monica Sullivan, CPA and Partner at TDT, provides an overview between S and C Corporations and their associated tax reforms. Monica brings more than 23 years in diverse tax, financial, and business consulting experience to the firm.  Monica specializes in serving privately held companies and their owners through comprehensive tax planning including significant experience in individual, [...]

Performance Measurement: Savings Indicator Rate

By |2018-12-07T16:00:57+00:00April 17th, 2018|Budget, Goals, Nonprofit, Performance Measurement, Preparation, Saving, Tips|

 This week's segment of the Nonprofit Performance Measurement video series, Amanda Lane, CPA, provides guidance on how to measure the savings indicator rate.