2020 has finally ended! We made it. We can breathe a sigh of relief. We all hopefully anticipate a healthier 2021! However, if you are a small business owner, 2020 cannot be fully be forgotten until all business and individual tax returns have been filed, and if applicable, the audit or review engagement is complete. …
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Monday evening, the United States Congress passed a second COVID-19 relief bill. The new legislation totals $900 billion and will need to be signed by President Trump to take effect. Trump indicated on Tuesday evening that he would like to see certain modifications before signing the bill, so it remains to be seen whether this…
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“You must confront the most brutal facts of your current reality, whatever they might be.” Jim Collins, in Good to Great We thought it would be over by now. Working from home. Wearing a mask. The fear of handshakes and hugs. It was only temporary until we could flatten the curve, likely in the summer. But…
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The COVID-19 pandemic has created significant economic hardships for individuals and businesses. As a result, some have received concessions related to the payment of lease obligations. The Financial Accounting Standards Board (FASB) has issued a Q&A document to provide guidance regarding the accounting for these scenarios. Because the effective date of the new lease accounting…
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There are some colleges issuing refunds for college-related expenses due to changes resulting from the COVID-19 pandemic. Many individuals are receiving refunds that can be traced back to payments made from a 529 Plan, which is designed as a tax beneficial savings vehicle if used for college expenses. 529 Plans allow savings to grow tax-free…
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The global COVID-19 pandemic has changed how we live and work at a systemic level. Social distances are maintained in stores and restaurants. Many people continue to wear masks and gloves when they go out in public. And the workplace has potentially changed forever. Many businesses, who valued office space, conference rooms, and in-person meetings…
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UPDATED 4/3/2020 The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was approved by both houses of Congress and signed by the President on Friday, March 27. The CARES Act is the most expensive piece of legislation ever passed in the history of our country. It provides approximately $2 trillion in financial assistance to…
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If you’re like many affordable housing property owners or managers, you’re likely swimming in paperwork and files, desperate for decluttering. While there are many documents you can dispose of, there are many that are critical to your property’s compliance and legal obligations.
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Importance of Leadership With over thirty years of experience in management and leadership, I have learned that there are at least three keys to effective leadership. To be successful, you must be committed to all three. It is the responsibility of the executive leader to ensure that all three elements are solid. The three keys…
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Healthcare is a Significant Portion of the US Economy Leadership excellence is more important now than at any point in time for the healthcare industry. Healthcare is an enormous portion of the economy of the United States. Based on a recent HealthLeaders article (Commins, 2018), healthcare represents 18% of the US economy. Further, the Centers…
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