Latest Articles

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June 2, 2022 

To File a Gift Tax Return or Not to

Depending on your situation, you may use sophisticated estate planning techniques, such as the use of various inter vivos or testamentary trusts, to reduce your family’s exposure to federal estate tax. However, another simpler tool still provide ...

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June 1, 2022 

2022 Independent Contractor Update

Employers consistently misclassify workers, which could land them in big trouble with state and federal labor departments, resulting in heavy fines and possibly having to compensate workers for back pay and benefits.

Nellie Akalp

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June 1, 2022 

Is Your Firm at the Crossroads of Change?

The leadership of small to mid-sized accounting firms need to gather their teams and listen carefully. This is not a one size fits all situation and firm leaders must identify what works best for them. A collaborative conversation between managers and ...

Ernie Villany

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May 31, 2022 

7 Principles for Becoming a Better Listener

Great leaders are also great listeners because they seek to understand those around them. For your clients and team members, improving your listening skills will make them feel that their needs are heard. So, how do you become a better listener?

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May 31, 2022 

How to Defer Estate Tax on Business Interests

Currently, the generous estate tax exemption can shelter from tax bequests of up to $10 million (indexed to $12.06 million in 2022), but this figure is scheduled to revert to $5 million (plus indexing) in 2026. So your family may still face some estate...

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May 31, 2022 

Remote Work Leads to Employer Challenges in Smaller Cities

The magnitude of the change over the last two years is staggering. In January 2020, fewer than 3% of applications for U.S. job postings on LinkedIn were for remote work. Now, small and mid-sized cities such as Wilmington, North Carolina, and Sarasota ...

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May 31, 2022 

The Risk and Rewards of Big Data

Every time you swipe your credit card, use a loyalty card at your favorite store, or purchase an item online, your data is being collected. The amount of data collected daily is enormous and is provides nothing of value unless it is properly analyzed ...

Mary Girsch-Bock

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May 29, 2022 

IRS Collected $4 Trillion in 2021: Data Book Shows Details

In addition to describing work performed during the pandemic, the IRS Data Book for fiscal year 2021 comprises 33 tables describing a wide variety of IRS activities from returns processed, revenue collected, and refunds issued to the number of ...