When the new lease accounting standard, Accounting Standards Codification (ASC) 842, is implemented, all leases will have to be reported on the balance sheet. A ‘right of use’ asset and …
Everything you need to know about the Taxpayer First Act
As of July 1, 2019, the Internal Revenue Service has been put on notice. The Taxpayer First Act has been passed by Congress with bipartisan support, and signed into law …
IRMAA: The Hidden Medicare Tax
What is IRMAA? IRMAA stands for Income-Related Monthly Adjustment Amount. Many of us pay premiums for Medicare Parts B and D just like any health insurance. But high income enrollees …
3(38) and 3(21) Fiduciary Investment Advisor Services
If you’re a retirement plan sponsor and/or administrator, did you know that you can outsource several key responsibilities for managing your company’s benefits package for your employees? For example, you …
Long-term Care Insurance: Why You Should Consider It As You Age
As baby boomers plan for retirement, there is a growing need for long-term care. At the same time, costs for nursing home care, assisted living and in-home care are growing …
When Should You Sell Your Business?
Knowing when to sell your business is not an exact science. Like deciding when to sell a stock, you need to combine some intuition with analytic talent. Both skills can …