by Lori Bowden | Apr 4, 2024 | Business, Newsletter
Payable-on-death (POD) accounts can be a quick, simple, and inexpensive way to transfer assets outside of probate. They can be used for bank or credit union accounts, certificates of deposit, and even brokerage accounts. Setting up such an account is as easy as...
by Lori Bowden | Apr 3, 2024 | Business, Newsletter
Businesses shut down for many reasons. Examples include an owner’s retirement, a lease expiration, staffing shortages, partner conflicts and increased supply costs. If you’ve decided to close your business, you might need assistance with some steps in the process,...
by Lori Bowden | Apr 2, 2024 | Business, Newsletter
If you own a C corporation, you know there’s a tax advantage to taking money out as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives, but it can’t deduct dividend payments. Therefore, if funds...
by Lori Bowden | Apr 1, 2024 | Business, Newsletter
Generally, the IRS has three years to audit a tax return, from the later of the due date of the return or the date you file. You can also file an amended return within this time frame if you overlooked something. Here’s what you need to know about keeping financial...
by Lori Bowden | Mar 6, 2024 | Business, Newsletter
As engineers and architects who dedicate your expertise to designing and constructing government buildings, you’re well aware of the importance of energy efficiency. Not only does it benefit the environment, but it also translates to significant cost savings for...
by Lori Bowden | Mar 4, 2024 | Business, Newsletter
If you’re looking for a retirement plan for yourself and your employees but worried about the financial commitment and administrative burdens involved, there are some options to consider. One possibility is a Simplified Employee Pension (SEP). This plan, which comes...