Knowledge and Insights: Newsletters

Congress Passes the PATH Act of 2015 and Makes Changes to Social Security in the Final Quarter of 2015

Keeping year-end tax planning interesting right up until the end, Congress acted in late December to pass The Protecting Americans from Tax Hikes (PATH) Act of 2015. This bill addresses a variety of popular but temporary tax provisions, commonly referred to as “tax extenders,” that expired at the end of 2014, and makes many of…

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Managing New Year’s Resolutions – A Financial Perspective

Happy New Year!  As you celebrated the end of 2015 and start of 2016, you probably spent a few moments reflecting on where life has brought you and envisioning where you would like to be in the future.  You may have made some resolutions about diet and exercise, quitting smoking or other changes you would…

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Mercadien Foundation’s $martWorkplace Roundtable Energizes Community Leaders

We all need better ways to connect with and understand financial information; luckily, big change is underway. The Mercadien Foundation sponsored a roundtable discussion at its office in early February 2016, bringing together several business, nonprofit and community leaders to tackle workplace issues related to financial capability and education. From the discussion, the Mercadien Foundation…

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Properly Allocate Your Combined Business & Vacation Travel Expenses

If you go on a business trip within the U.S. and add on some vacation days, you know you can deduct some of your expenses. The question is how much. First, let’s cover just the pure transportation expenses. Transportation costs to and from the scene of your business activity are 100% deductible as long as…

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How Buy-Sell Agreements Can Ensure Continuity

If you own a closely held business with at least one other partner, certain steps can be taken to guard against business disruption if you or the partner unexpectedly dies or becomes disabled. One of the most important steps is to create a buy-sell agreement. A buy-sell agreement is a critical component of business continuation…

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The Latest Cyber Security Risks and Developments Affect Public Entities

Technological security is not only increasingly important today, but also undergoing a directional shift due to the prevalence and ingenuity of cyber-hackings. The true statistics about these are more alarming than may be realized from the handful of high-profile corporate and IRS incidents recently in the news.  The risks associated with IT security alone apply to and reverberate throughout an…

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Nonprofits Should Assess Cyber Security Risks and Preparedness

Technological security is the first hot topic in our new series, introduced last issue, on the major trends affecting the nonprofit sector. Not only is the topic increasingly important to nearly everyone today, but it is also undergoing a directional shift due to the prevalence and ingenuity of cyber-hackings. The true statistics about these hackings are more alarming…

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Migration to EMV Chip Card Technology and Your Nonprofit

If your nonprofit organization receives reimbursement for services through credit card payments, you need to understand how these changes will impact you. U.S. credit card companies are making the transition from magnetic stripe technology to cards with chips. Chip cards are payment cards that have an embedded chip, offering increased security when your customers or…

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Assessing Your Cyber Security Risks and Preparedness

Technological security is not only increasingly important today, but also undergoing a directional shift due to the prevalence and ingenuity of cyber-hackings. The true statistics about these are more alarming than may be realized from the handful of high-profile corporate incidents in the news. The risks associated with IT security alone apply to and reverberate…

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Empty Nest? It’s Time for a Financial Update!

It is inevitable that your kids will grow up and someday move out of your house.  Life will no longer revolve around their schedules.  This can be a difficult emotional transition as you move into the next phase in life as an empty nester.  After you deal with the emotional aspect of the lifestyle change,…

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