Resources
Resources
KPIs for Your Nonprofit Organization
Key Performance Indicators (KPIs) are quantifiable measurements used to track an organization’s performance towards the achievement of its objectives. Commonly used by company executives, boards,…
Outsourced Accounting
What exactly can a CPA firm do for our company, besides taxes or audits? Many know that CPA firms can offer tax services and/or audits…
SOC for Cybersecurity
What is it? Similar to a System and Organizational Control (SOC) 2 examination, SOC for Cybersecurity focuses on an organization’s cybersecurity risk management program. SOC…
My Internship Experience at DDS
At Dansa D’Arata Soucia LLP (“DDS”), my internship experience has benefited both my professional accounting career and personal growth. Working alongside outstanding professionals, I have…
Business Valuations
Whether you’re thinking of selling your business, looking for new investors, or dividing assets during divorce, there may come a time where you need to…
Considerations When Utilizing Generative AI
Generative AI tools have become the shiny new toy and perhaps rightfully so. There are various ways teams and organizations may utilize them to help…
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ISO 27001: Understanding the Standard
What is ISO 27001? ISO 27001 is an internationally recognized standard for establishing, implementing, maintaining, and continually improving an information security management system (ISMS). Elements…
Considerations When Selecting Your SOC 2 Auditor
What is SOC 2? System and Organization Controls (SOC) 2 is a framework developed by the American Institute of CPAs (AICPA) in 2011 under the…
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SOC Reporting: How Often Should You Have a Report Issued?
Timing of your next SOC Your auditor just sent you your first official SOC report and you can finally satisfy that one (or several) customer…
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The “kiddie tax” hurts families more than ever
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children…
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Responding to the nightmare of a data breach
It’s every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised.…
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Don’t let scope creep ruin your next IT project
Today’s business technology is both powerful and restive. No matter how “feature rich” a software solution or hardware asset may be, there’s always another upgrade…
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4 business functions you could outsource right now
One thing in plentiful supply in today’s business world is help. Orbiting every industry are providers, consultancies and independent contractors offering a wide array of…
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A refresher on major tax law changes for small-business owners
The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take…
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Economic damages: Recovering what was lost
A business can suffer economic damages arising from a variety of illegal conduct. Common examples include breach of contract, patent infringement and commercial negligence. If…
Do your long-term customers know everything about you?
A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did…
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Getting ahead of the curve on emerging technologies
Turn on your computer or mobile device, scroll through Facebook or Twitter, or skim a business-oriented website, and you’ll likely come across the term “emerging…
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Year-end tax and financial to-do list for individuals
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check…
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Devote some time to internal leadership development
Many factors go into the success of a company. You’ve got to offer high-quality products or services, provide outstanding customer service, and manage your inventory…
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Does prepaying property taxes make sense anymore?
Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning…
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Estimates vs. actuals: Was your 2018 budget reasonable?
New Year wooden road sign with shining blue sky backgroundAs the year winds down, business owners can be thankful for the gift of perspective (among…
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Catch-up retirement plan contributions can be particularly advantageous post-TCJA
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive…
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3 ways to get more from your marketing dollars
A strong economy leads some company owners to cut back on marketing. Why spend the money if business is so good? Others see it differently…
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Mutual funds: Handle with care at year end
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to…
Buy business assets before year end to reduce your 2018 tax liability
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of…
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Change management doesn’t have to be scary
Business owners are constantly bombarded with terminology and buzzwords. Although you probably feel a need to keep up with the latest trends, you also may…
Donate appreciated stock for twice the tax benefits
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable…
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Reduce insurance costs by encouraging employee wellness
Protecting your company through the purchase of various forms of insurance is a risk-management necessity. But just because you must buy coverage doesn’t mean you…
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Could “bunching” medical expenses into 2018 save you tax?
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for…
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Following the ABCs of customer assessment
When a business is launched, its owners typically welcome every customer through the door with a sigh of relief. But after the company has established…
Consider all the tax consequences before making gifts to loved ones
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family…
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Tax-free fringe benefits help small businesses and their employees
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe…
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A strong BYOD policy combines convenience with security
It’s easy to understand why more and more businesses are taking a “bring your own device” (BYOD) approach to the smartphones, tablets and laptops many…
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Charitable IRA rollovers may be especially beneficial in 2018
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without…
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Dig out your business plan to prepare for the year ahead
Like many business owners, you probably created a business plan when you launched your company. But, as is also often the case, you may not…
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Tax planning for investments gets more complicated
For investors, fall is a good time to review year-to-date gains and losses. Not only can it help you assess your financial health, but it…
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The tax deduction ins and outs of donating artwork to charity
If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating…
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2018 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list…
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Prepare for valuation issues in your buy-sell agreement
Every business with more than one owner needs a buy-sell agreement to handle both expected and unexpected ownership changes. When creating or updating yours, be…
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Do you need to make an estimated tax payment by September 17?
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or…
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Play your tax cards right with gambling wins and losses
If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax…
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