3 types of retirement plans for growing businesses
Business owners: If your company is ready to sponsor a qualified retirement plan, many potential choices are on the table. Here are three prime examples.
News & Insights3 types of retirement plans for growing businessesBusiness owners: If your company is ready to sponsor a qualified retirement plan, many potential choices are on the table. Here are three prime examples. It’s not too late to trim your 2024 taxesImplementing these year-end tax strategies may reduce your 2024 tax liabilities. Get a handle on how accounting and tax profitability metrics differAs year end approaches, it’s critical to identify reasons your company’s pretax profit may differ from its taxable income. Failure to understand the differences may result in tax filing surprises. Don’t let fraudsters ruin the most wonderful time of the yearThe period between Thanksgiving and New Year’s Day generally is a critical fundraising season. Don’t let fraud undermine your hard work and eat into your nonprofit’s revenues. Here’s what you need to know. Business owners: Be sure you’re properly classifying cash flowsBusiness owners: Is there room for improvement in your statement of cash flows? There might be, specifically in how you classify different types of transactions. Is a PTET election right for your construction company?Construction business owners: Does your state have a pass-through entity tax? If so, and your company is eligible for it, you may be able to save taxes. But the devil is in the details. Nonprofit programs: Out with the obsolete, in with the most effectiveWhether your nonprofit’s program budget will be smaller or larger in 2025, it’s smart to keep program spending in check. Review your nonprofit’s offerings and data for laggards and unmet needs. Here’s how. Beyond the numbers: 5 red flags that may indicate financial distressTo spot financial distress early, it sometimes pays to look at more than just a company’s financials. Here are some red flags to watch for. How to report contingent liabilities in your company’s financial statementsIs a contingent loss remote, probable or reasonably possible? The answer determines whether to disclose it in the footnotes and accrue a liability on the balance sheet. Giving season’s here! It’s time to engage donorsIs your nonprofit ready for giving season? More charitable givers donate in December than any other month. Here’s how to increase visibility and ensure tech glitches don’t undermine your fundraising efforts. Many construction businesses need to step it up on cybersecurityConstruction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses. You know your nonprofit is ethical. Put it in writing!Even small nonprofits can benefit from having a formal code of ethics. This policy can complement your mission statement and act as a decision-making guide for staffers. |
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