Retirement Benefit Plans Offer Tax Advantages to Businesses of All Sizes

By Kevin Hedrick, CPA Business owners want to maximize profits now and put money away for when they retire. They also want to attract and retain great employees. Retirement benefit plans can help business owners to accomplish both of these objectives.  And they help employees by creating a “forced savings” and offer significant tax deferral benefits. There …

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Foreign Taxpayers and Resident Status: Strategies to Minimize Your Tax Liability

By David A. Nash, CPA, Tax Manager International business men and women who work in the United States for some or all of the year have several choices when it comes to complying with U.S. and state tax laws. Whereas residents of the U.S. are taxed on their worldwide income, nonresidents are taxed only on their …

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Internal Controls on a Shoestring: Five Effective Fraud-Fighting Strategies for Nonprofits

By Patricia Yeager, CPA Nonprofits may be more susceptible to fraud than many other organizations. With their missions of helping others and serving the public at large, most people think that no one would steal from a nonprofit organization.  The bad news is that nonprofits’ often limited budgets and staff can lead to inadequate or …

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