Archive for the ‘Blog’ Category

Financial Statements: Compilations, Reviews, and Audits – which one do you really need?

29/11/12 2:00 pm | Comments (0) | Posted By:

  Many times we have been contacted by clients and potential clients inquiring about our firm performing an audit for them, and more importantly, what will it cost? Some of the first questions we ask are “who is asking for it” and “do you think you really need an audit”? The answer depends on who will be using the financial statements and ...

The Fiscal Cliff – The Work Begins…Theirs AND Ours

15/11/12 5:50 pm | Comments (0) | Posted By:

  Referencing a recent article in Bloomberg.com, President Barack Obama and House Speaker John Boehner have a big job ahead of them in the coming weeks. They hope to come together in act of solidarity to work out an agreement to avert the so-called fiscal cliff which happens at the end of this year if no deal is struck. Obama, claiming a m...

Do you have significant investment income? Get ready for substantial tax increases in 2013.

08/11/12 12:00 pm | Comments (1) | Posted By:

  Widely publicized in the professional literature but unnoticed by the mainstream press is the 3.8 percent Medicare contribution tax imposed on the investment income of individuals by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, informally referred to as Obamacare. That means in...

Running the Family Business: And the Winners Are…

01/11/12 8:30 pm | Comments (0) | Posted By:

  A recent Harvard Business Review article, What You Can Learn From Family Business, compared the performance of similar sized family businesses to traditional public companies with some interesting results. Their conclusion:  family businesses focus on resilience more than performance.  Forgoing excess returns in the good times to ensure ...