Why Can’t My Profitable Business Pay Its Bills?
If your profitable business has trouble making ends meet, it’s not alone. Many business owners mistakenly equate profits with cash flow, leading to ...
What’s in the Fiscal Responsibility Act?
President Biden has signed into law the new debt ceiling agreement that he reached with U.S. House of Representatives Speaker Kevin McCarthy (R-CA). ...
Financial Statement Fraud: Don’t Believe Everything You Read
Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable ...
Four Tax Challenges You May Encounter When Retiring
If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. ...
Trust Fund Recovery Penalty: Who Can It Be Assessed Against?
If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund Recovery ...
Strategies to Reduce the Impact of the Net Investment Income Tax
High-income taxpayers often face the burden of paying the Net Investment Income Tax (NIIT) in addition to their regular income tax. The NIIT is a ...
Education Benefits Help Attract, Retain and Motivate Your Employees
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial ...
Achieving the Right Balance of Working Capital
Working capital — the funds your company has tied up in accounts receivable, accounts payable and inventory — is a critical performance metric. ...
Social Security’s Future: The Problem and the Proposals
Recent reports have raised new concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security ...