Trump Tax Reform Plan: How It May Affect You and Your Company

One of the topics talked about all year is how our tax system needs to be greatly improved and just this week, President Trump and [...]

Don’t Compare Your Private Club to a Restaurant

“Why is our food and beverage operation losing money?” “Why are we budgeting to lose money in that area?”  “My buddy earns a fortune running [...]

2018-08-01T15:25:31-04:00September 26, 2017|Categories: Hospitality, Restaurants|Tags: , , , , |

Fiduciary Responsibility: An Expectation of Trust

The IRS, through its revisions to Form 990, requires reporting by not-for-profits on a range of governance issues including board member “fiduciary duty” and their ability to gain the trust of their organization. What is fiduciary responsibility and what does it mean to the board of a not-for-profit?

2018-10-11T16:07:52-04:00September 26, 2017|Categories: Not-for-Profit|Tags: , , |

401(k) Plan Check-Ups Help Plan Sponsors Maintain Compliance

Many employers sponsor retirement plans to benefit their employees. While there are a variety of plans to choose from, one of the most popular options [...]

4 Things You Should Know About Troubled Debt Restructuring

Troubled Debt Restructuring (TDR) accounting has some of the most difficult accounting rules to interpret, primarily because they are subjective in nature.

2020-03-12T12:27:38-04:00September 22, 2017|Categories: Accounting, Financial Institutions|Tags: |

State and Local Tax Compliance for Government Contractors

The federal government is, by law, exempt from paying state and local taxes. However, this exemption does not apply to organizations with federal or state government contracts, [...]

2018-09-11T19:02:54-04:00September 19, 2017|Categories: Government Contracting, Tax: Business|Tags: , |

What You Should Learn from the Equifax Data Breach

Equifax, one of the three main credit reporting companies, announced last week that the personal information of 143 million people was exposed in a data breach – one of the largest in U.S. history.

2020-03-12T12:28:47-04:00September 13, 2017|Categories: Cybersecurity, Financial Institutions|Tags: |