Health care costs remain a significant concern for many small and midsize employers that sponsor health insurance plans. And for good reason — one recent study by professional services firm Aon projected a 9.5% year-over-year increase in these costs in 2027. One way some organizations address the problem is by implementing a wellness program that […]
Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net worth over time. Often, this is a side activity to a career in another field or running another type of business — not the individual’s primary source of income. Holdings might range […]
Mutual funds offer an easy way to invest in a diversified portfolio compared to buying individual stocks and bonds. But the tax treatment of mutual funds isn’t so simple. How are mutual funds taxed? If you sell appreciated mutual fund shares, the resulting profit will be taxable. If you’ve held the shares for one year […]
An important decision you must make when creating your estate plan is who’ll inherit your assets. While many of your beneficiaries are likely capable of managing an inheritance responsibly, others may be vulnerable to financial pressures, creditor claims, poor spending habits or other challenges that could erode the wealth you’ve worked hard to build. One […]
Offering paid family and medical leave (PFML) can help businesses attract and retain employees while providing workers with financial support when they need time away to care for themselves or their families. The Section 45S PFML tax credit can help eligible employers offset some of the costs. The One Big Beautiful Bill Act (OBBBA) made […]
Employers often face tough staffing choices. If you decide to let someone go because of budget cuts, restructuring or other circumstances, offering severance may seem like the right thing to do. It can offer the individual some temporary financial support while helping you manage a difficult transition. But such payments can also create unexpected costs […]
Shareholders sometimes provide funds to their businesses outside of their initial investment or regular capital contributions. These transfers — commonly referred to as shareholder advances — raise an important accounting question: Under U.S. Generally Accepted Accounting Principles (GAAP), should the business report the advance as a liability or as equity? The term “shareholder” technically refers […]
When valuing a closely held business, events that happen after the valuation date are generally off limits. However, there are some key exceptions. Here’s a closer look at when business valuation professionals might need to address subsequent events, also known as ex post facto information, in their analyses. Reasonably foreseeable events The first exception relates to subsequent events that […]
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Executives and key employees often receive stock-based compensation in addition to salaries and bonuses. If restricted stock is part of your compensation, considering the potential tax consequences well before December 31 is a good idea. You may have decisions to make if: 1) you’ve recently received an award or are expecting one soon, 2) your […]
Miller Kaplan remains among the nation’s Top 100 accounting firms as Inside Public Accounting releases their 2026 rankings. IPA’s recognition further establishes Miller Kaplan as one of the nation’s leading accounting and advisory firms.
A profitable business can still run short of cash. Receivables may take time to collect, inventory can tie up funds and bills may come due before customers pay. Effective working capital management can help your business maintain liquidity and remain prepared for growth opportunities or unexpected challenges. What are the components of working capital? Working […]