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Save or Shred? Follow These Recordkeeping Guidelines

Are you a recordkeeping pack rat? Many individuals and businesses hold onto paper and digital records indefinitely — just in case. But securely storing years of financial records can become burdensome. Here's some guidance to help minimize recordkeeping overload....

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How 2018 Tax Reform Will Affect Individuals

The Tax Cuts and Jobs Act (TCJA) or Tax Reform 2018 makes sweeping changes to the tax rules for individuals.  Here's a quick reference guide for some of the major changes under the new law to help you understand what exactly is changing.   In general, these changes...

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Quick Reference Guide for the 2018 Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act makes sweeping changes. But some of the new provisions won't necessarily be relevant to your situation. Here's a quick reference guide to the major changes under the new law to help you understand what's changing. In general, these changes...

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Supreme Court Sides with Employers on Arbitration Agreements

The Supreme Court often agrees to rule on questions upon which individual appeals courts have reached different conclusions, to create a uniform national legal standard. And that's what the court did with a 5-4 decision in a case called Epic Systems Corp. v. Lewis....

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Blending Art and Science to Value a Business

Is business valuation an art or a science? Years ago, this question was put to a panel of business valuation experts at a training session, and predictably there was no consensus. One noted expert said business valuation was more of a science, but he also acknowledged...

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Valuation Issues to Address in a Buy-Sell Agreement

Buy-sell agreements protect businesses with multiple owners in the event that an owner dies, becomes disabled or voluntarily decides to leave the company. They should dictate who can buy the departing owner's interest, when, how and for how much. Ideally, these...

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Tax Benefit of Separating Repairs from Improvements

There's a world of tax difference between repairs to real estate property and capital improvements. And it's not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs are...

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Does Your Business Need a Temporary CFO?

Does your company need a chief financial officer but can't afford to hire one full time? Or does it simply need someone to help position your business for sale, see it through a special project or temporarily replace an executive who has fallen ill or left the...

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