Investing in commercial real estate is a significant financial undertaking. Maximizing after-tax cash flow from the real estate investment, especially in the early years of the investment, is typically a high priority. Therefore, when investing in commercial real estate for your own occupancy or for rental to others, you should
On May 16, new guidance went into effect that allows companies to raise as much as $1 million a year through regulated online portals as long as the companies have submitted annual financial reports to the Securities and Exchange Commission (SEC). They don’t have to actually register with the SEC.
For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. Today, estate taxes are no longer a concern for many families because the estate tax exemption amount stands at $5.45 million. But even for nontaxable estates,
Your not-for-profit’s accounting function affects everything you do. That’s why processes and procedures — and whether staff members adhere to them — should be reviewed regularly. In particular, ensure your organization isn’t making the following five common mistakes: Lacking formal, documented accounting processes. All aspects of managing your nonprofit’s money
An auditor does significant legwork before starting field work. During the audit planning phase, he or she reviews the preliminary financials and compares the current year’s results to last year and industry benchmarks. Here’s a closer look at what happens behind the scenes — and why you might want to
Special needs trusts (SNTs), also called “supplemental needs trusts,” benefit children or other family members with a disability that requires extended-term care or that prevents them from being able to support themselves. This trust type can provide peace of mind that your loved one’s quality of life will be enhanced
Many businesses use independent contractors to keep payroll taxes and fringe benefit costs down. But using outside workers may result in other problems. The IRS often questions businesses about whether workers should be classified as employees or independent contractors for federal employment tax purposes. If the IRS reclassifies a worker
Executives and other key employees are often compensated with more than just salary, fringe benefits and bonuses: They may also be awarded stock-based compensation, such as restricted stock or stock options. Another form that’s becoming more common is restricted stock units (RSUs). If RSUs are part of your compensation package,
DWC in Grand Junction sponsored two volleyball teams for the Spike a Wish tournament to benefit Grant a Wish program. The teams had a great time playing in the sand at Volleys and raising money to support local children. We appreciate and thank all sponsors, organizers, players, and program supporters!
If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient liquid assets to pay estate taxes. In such cases, heirs may be forced to borrow funds or, in a worst-case scenario, sell the
