News Articles

01

May

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Handle Shareholder Loans with Caution

Handle Shareholder Loans with Caution If you’re a shareholder in a closely held C corporation, you are permitted to take loans or advances from the company. It’s convenient and, typically, as a shareholder, you won’t have to pay taxes on the proceeds. What’s not to like about this opportunity? Clearly, it’s a convenient benefit. Still, … Continued

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01

May

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Strategies To Maximize Your Bonding Capacity

Strategies To Maximize Your Bonding Capacity What would your surety find if it reviewed your firm’s financial statements today? The reality is that what your surety finds on the financial statements will determine whether you receive bonding and the amount you will be charged. Your fiscal year-end statements generally will form the basis for your … Continued

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01

May

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Cloud Computing: What Banks Need to Know

Cloud Computing: What Banks Need to Know Moving IT operations to the “cloud” offers substantial benefits, but many banks are reluctant to embrace cloud computing because of concerns about information security, data reliability and regulatory compliance. These concerns are legitimate, particularly when outsourced cloud services are provided over the Internet. Banks exploring these services should … Continued

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01

May

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Avoiding Retirement Plan Compensation Errors

Avoiding Retirement Plan Compensation Errors The amount your company can contribute to your retirement plan and deduct for federal income-tax purposes generally depends on the amount of compensation you pay employees. Using an incorrect definition of compensation in your retirement plan can lead to costly operational failures that can affect your plan’s qualified status. To … Continued

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01

May

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Smart On-Site Logistics

Smart On-Site Logistics Efficient handling of materials — from delivery to unloading, storage, and on-site movement — is critical to a properly functioning construction site. There are also financial and safety benefits to having a well-thought-out materials handling program. A systematic approach to handling materials on a job site can reduce labor costs, help keep … Continued

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