Estate Services / Practice Development
CPA trust protectors, who act in conjunction with a corporate trustee, serve a client’s best interests by overseeing a trust’s administration. The concept—new for onshore trusts—is common in offshore asset protection planning. CPAs have an excellent range of skills and attributes for doing this work.
Practice Management Case Study
Clients sometimes get a huge business opportunity only to find that fulfilling it means big problems. Lacher MacDonald & Co., in Seminole, Fla., which has helped such clients secure capital, resources and management skills to meet suddenly escalated demands, shares tips from its management consulting side.
Business & Industry
How can smaller companies and other organizations meet their Sarbanes-Oxley section 404 obligations in a reasonable and cost-effective way? Amid the continuing debate, the Committee of Sponsoring Organizations of the Treadway Commission seeks to guide both by principle and practical example.
Technology Workshop
CPAs often ignore Excel’s array formulas for fear they are too complicated. But they’re not as forbidding as they seem. This article demonstrates how arrays can perform a diverse set of multiple spreadsheet functions in a single step.
Business & Industry / Tax
What’s the right entity for your client’s business operations? The question involves numerous legal and tax issues, and the choice is not always obvious. This article helps guide CPAs on how to choose among types of corporations and LLCs.
Personal Financial Planning / Tax
You and your clients can take advantage of several strategies to cover out-of-pocket health care costs with pretax dollars. Whether the right choice is a flexible spending arrangement, health reimbursement arrangement, health savings account or another method depends on the individual’s circumstances and goals. Here’s how to match the plan with the man (or woman).