Category: Tax

Revenue Recognition Standards 101

Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.

Irrevocable Life Insurance Trusts: Administration Checklist

An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.

Accountable Plans Can Save You Taxes

This article discusses the basics of accountable plans. What are the requirements? What are the alternatives? How do you set up an accountable plan? Read this article for Accountable Plans 101.