Balancing legacy and independence: The role of an inheritor’s trust
February 3, 2025 CONSULTING
Balancing legacy and independence: The role of an inheritor’s trust

An inheritor’s trust is a specialized estate planning tool designed to protect and manage assets you pass to a beneficiary. One of its primary advantages is asset protection. It allows your beneficiary to receive his or her inheritance in trust rather than as an outright gift or bequest. Thus, the assets are kept out of […]

Employers: Don’t forget about ERISA when covering telehealth
January 21, 2025 CONSULTING
Employers: Don’t forget about ERISA when covering telehealth

In case you missed it, the Employee Retirement Income Security Act (ERISA) turned 50 earlier this year. If your organization has been administering employee benefit plans for any length of time, you’re likely well-acquainted with the law’s broad impact. However, many employers still occasionally get caught off guard by the sheer scope of ERISA. Take […]

How to report contingent liabilities in your company’s financial statements
January 14, 2025 Knowledge Center
How to report contingent liabilities in your company’s financial statements

It’s critical for business owners and managers to understand how to present contingent liabilities accurately in the financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), some contingent losses may be reported on the balance sheet and income statement, while others are only disclosed in the footnotes. Here’s an overview of the rules for properly […]

ESOPs can help business owners with succession planning
December 30, 2024 CONSULTING
ESOPs can help business owners with succession planning

Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least much confusion and uncertainty, often follows. The most foolproof way to make succession planning easier is to give yourself plenty of time to develop a […]

Goodwill impairment: Is your company at risk?
December 23, 2024 CONSULTING
Goodwill impairment: Is your company at risk?

Goodwill impairment is often a negative indicator. It potentially signals that a business combination failed to meet management’s expectations due to internal or external factors. In recent years, uncertain markets, lingering inflation and high interest rates have caused goodwill impairments to spike. Evaluating impairment trends In 2022, 400 U.S. public companies reported $136.2 billion of […]

How inflation will affect your 2024 and 2025 tax bills
December 5, 2024 CONSULTING
How inflation will affect your 2024 and 2025 tax bills

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The IRS recently announced next year’s inflation-adjusted amounts for several provisions. Here are the highlights. Standard deduction. What does an increased standard deduction mean for you? A larger […]

Ensure you’re properly documenting your charitable donations
December 3, 2024 Knowledge Center
Ensure you’re properly documenting your charitable donations

If you’re charitably inclined and itemize deductions, you may be entitled to deduct charitable donations. The key word is “may” because there are requirements you must meet. One such requirement is the need to substantiate charitable gifts with proper documentation that will satisfy the IRS. Indeed, a charitable gift may be legitimate, but if the taxpayer fails to […]

Michael H. Kane and Michael Kaplan Named 2024 Top Business Managers | Billboard
November 21, 2024 ENTERTAINMENT
Michael H. Kane and Michael Kaplan Named 2024 Top Business Managers | Billboard

We are proud to share that Michael H. Kane and Michael Kaplan have been named among Billboard’s 2024 Top Business Managers.

Michael Kaplan & Justine Ruffalo Named Among 2024 Business Managers Elite | Variety
November 15, 2024 In the News
Michael Kaplan & Justine Ruffalo Named Among 2024 Business Managers Elite | Variety

Michael Kaplan & Justine Ruffalo – you have yet again been recognized for your savvy in helping clients navigate an ever-changing economic landscape.

Nicholas Sanchez to Serve on Tax Section Executive Committee | California Lawyers Association
July 5, 2024 In the News
Nicholas Sanchez to Serve on Tax Section Executive Committee | California Lawyers Association

Congratulations to Nicholas Sanchez, J.D., LL.M. Taxation on being elected to serve as a Member on the Tax Section Executive Committee for the California Lawyers Association! This position will be active beginning September 8, 2024. On this committee, Nicholas will contribute to the presentation of educational programs, creation of tax publications, and coordination with local and federal […]

Marijane Kantzabedian and Jun Wang Nominated for Women to Watch Awards | CalCPA
April 22, 2024 In the News
Marijane Kantzabedian and Jun Wang Nominated for Women to Watch Awards | CalCPA

Congratulations Marijane Kantzabedian, CPA and Jun Wang, CPA on being nominated for CalCPA Women to Watch Awards! Each of these exemplarily professionals are being recognized for their remarkable dedication and excellence in the accounting profession. These awards, honoring impactful women in the accounting industry, will be presented at the 2024 Elevate: Women’s Leadership Forum.

Dispelling Cybersecurity Myths for Benefit Plans | IFEBP
January 16, 2024 In the News
Dispelling Cybersecurity Myths for Benefit Plans | IFEBP

by David Lam, CISSP, CPP | “As the rate of digital transformation continues to accelerate across all industries, poor cybersecurity remains a pressing threat to employers and benefit plan sponsors. Awareness of nine common cybersecurity myths can help employee benefit plan stakeholders better understand their plan’s risk posture and take steps to make improvements…”