Tax

GAAP vs. tax-basis: Which is right for your business?

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and…

You may be ABLE to save for a disabled family member with a tax-advantaged account

There’s a tax-advantaged way for people to save for the needs of family members with disabilities — without having them…

Join Our Growing Practice

Join Our Team Enjoy a work-life balance culture while working in a broad range of industries at Mitchell Wiggins. You…

Nonprofits: New alternatives for reporting goodwill and other intangibles

Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations?…

Take advantage of the gift tax exclusion rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved…

Management letters: Have you implemented any changes?

Audited financial statements come with a special bonus: a “management letter” that recommends ways to improve your business. That’s free…

Third Quarter Industry Newsletters

Quarterly collection of current topics, news alerts and industry updates.   Auto Dealerships Newsletter – September 26, 2019 Business Valuation…

Year-End Strategies to Reduce AGI

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten ways to reduce your AGI…

Taking distributions from your traditional IRA

If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a…

Expanding Retirement Plan Options for Small Businesses

Clarifying the Rules Existing DOL rules already allow MEPs to exist. And the new rule, which goes into effect on…