Transitioning your business to a family member or longtime employee can be a way to keep your company independent while creating a rewarding experience for all. If you’re envisioning an internal succession, here are a few things you can do now to facilitate a smooth transition.
Constructive receipt is an IRS tax doctrine that dictates when employees should recognize income related to non-cash wages, including PTO. Learn about the specific implications for employers that offer PTO benefit payout or carryover.
You’ve figured out potential solutions and devised a plan for bringing them to life. Now, how do you make your change happen? Read this third in our Change Management Series to get tips for implementing a change.
The work we do as CPA firms is constantly in flux, which makes gauging staffing capacity a constant challenge. The line between over and under budget is a hard one to walk. Yet knowing where we stand capacity-wise lets us determine if we need to accelerate or decelerate our hiring or reallocate staff members. This is where our strategic data analytics solution, Compass, has proven invaluable.
To ensure your desired treatment of adopted children or unadopted stepchildren, you and your spouse or partner must clearly communicate your plans through wills, trusts and other estate planning documents.
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Swag Item of the Month
Check out this custom Yeti water bottle that is now available for clients and prospects. Submit a marketing request ticket to request a water bottle for a client or prospect.