Baby Boomers: Most will Work Past 65
The recession has had a significant impact on the retirement plans of many Americans – 54 percent of Baby Boomers now say they will work past 65. A new study by Robert Half International shows that nearly three of four Baby Boomers said the recession has had some impact on their retirement plans. And the…
Demystifying the Nonprofit’s Audit Process
If the annual audit of your nonprofit organization is approaching, staff and board members alike may be wondering exactly what the purpose of the audit is and what they can expect. An external audit is performed by an independent CPA. The purpose is to determine, with reasonable assurance, that the financial statements are free of…
Is your Company Ready for the ‘Brain Drain’?
The Baby Boom generation, born between 1946 and 1964, began turning 65 in 2011. Boomers are the largest generation in U.S. history, and their retirement means companies will soon be facing an exodus of many of their senior leaders and most knowledgeable people. High unemployment rates, which make recruiting easy in general, may mask the…
Five Tips for a More Successful Business Lunch
Attorneys are doing less business over lunch than they have in the past, according to a new survey by Robert Half Legal. About twice a month is the norm, and 56 percent of the 200 attorneys surveyed said business lunches with clients are less common than they were three years ago. But for those who…
The Secrets of Social Security You Should Know
What you don’t know about Social Security can hurt you. Because many of us are looking forward to our Social Security benefits at retirement age, it’s important to know how to maximize the benefits you’re entitled to, and that includes knowing some insider secrets on Social Security. Social Security employees generally won’t give case-specific advice….
Being Socially Responsible Helps Others and Your Company
Making corporate social responsibility initiatives part of your strategic plan not only will benefit the world around you, but will boost employee satisfaction and improve the bottom line. In recent years, goodwill as related to corporate social responsibility has risen to the forefront of business competitiveness. Stakeholder perceptions of company behavior are the lead driver…
Is Ad Income on Your Publication Taxable?
Tax-exempt organizations that produce publications for their members should remember to look carefully at the tax law if they receive income from advertising in those publications. They may be liable to pay taxes on advertising income if their members have the “right to receive” the publications. A Tax Court decision last year found that if…
Matrimonial Case Study Shows Importance of Full Analysis
A real-life case can provide valuable insights into litigation and valuation issues and how to resolve them. Each case requires thoughtful analysis and the creation of a work program designed specifically for the situation at hand. This matrimonial case was handled by CPA Laura Ewart and other CPAs at CPAmerica International member Cowan & Gunteski,…
Financial Security: Is it the Key to Happiness in Retirement?
You’ve worked hard all your life, and now you can afford to relax and enjoy the fruits of your labor. But is that enough to ensure happiness in your golden years? Not necessarily. Researchers have found that money is not a sufficient condition for happiness. Some people are happy despite modest means, while others unhappily…
Ponzi Scheme Victims: Theft or Investment Loss?
A married couple who became victims of a Ponzi scheme invested with a fund manager – not directly with the fraud perpetrator. So, was the loss a result of theft or investment? The IRS previously ruled that investors who lost money in Bernard Madoff’s Ponzi scheme and other similar frauds are entitled to a theft…