Category: Other

Tax law changes that will impact your business

Some details may have gotten lost in the noise of the tax law change. Entertainment expense is no longer deductible.  You will need to assess the value of your entertainment spending in light of the changed law.  Meals, however, remain 50% deductible.  If your business tracks these two expenses in a single expense category you… Read more »

Tax Tips for the Average Joe

If you are a small business owner or a higher wealth individual, I strongly recommend that you stay in touch with your tax advisor over the next few weeks to properly balance your 2017 and 2018 tax bills. If you are someone who owns a home and is able to itemize, there are a few… Read more »

Asking about salary history when hiring

Federal law does not prohibit asking a job applicant about their salary history and it has been a common question on job applications. But that is changing with recent rules passed by New York City and other jurisdictions. The ban on asking for salary history comes from the fact that women and minorities have historically… Read more »

Award Winning Author and Inc. Magazine’s Editor-at-Large Bo Burlingham to Keynote B2B CFO’s Annual Meeting

MESA, Ariz. [November 5, 2015] – B2B CFO, the nation’s largest CFO and Exit Strategies firm for privately held businesses, announced today that award winning author and Inc. Magazine’s Editor-at-Large, Bo Burlingham will keynote the National Partners Meeting to be held April 28-30, 2016. The invitation-only annual event that brings together all of B2B CFO’s Partners… Read more »

The IRS issued Special Per Diem Rates for 2015-2016 travel

Most companies reimburse employees for actual expenses incurred but some use an alternative per diem rate.  The IRS annually updates the rates that they consider allowable payments to employees on a per diem basis. The new rates apply to travel between October 1, 2015 through September 30, 2016 and are intended to reimburse the employee… Read more »

The IRS issued Special Per Diem rates for 2014-2015 travel

Most companies reimburse employees for actual expenses incurred but some use an alternative per diem rate.  The IRS annual updates the rates that they consider allowable payments to employees on a per diem basis. The new rates apply to travel between October 1, 2014 through September 30, 2015 and are intended to reimburse the employee… Read more »

New revenue recognition rules will impact your business

In a joint pronouncement the US based Financial Accounting Standards Board and the International Accounting Standards Board adopted changes to revenue recognition rules.  The effect of the rules will vary by industry and frankly the accounting profession in general is working hard to understand the impact of these rules.  In some cases, the rules may… Read more »

Key Person Insurance

Does your business need coverage in the event of the death or disability of a key person? Every organization has key personnel whose loss to death or disability would be significant for the firm.  Large firms may have a deep enough talent base to replace key personnel but that is often not the case for… Read more »