When planning your estate, you probably try to think about what will happen to all of your hard-earned assets when it is time for them to be distributed – things like your house, car, IRA, deposit accounts, and even your dog, Buster.

Back on July 31, President Obama signed new legislation that adds a more logical flow to the tax filing deadlines.

The IRS refers to transactions in which the donor makes a payment partly in return for some type of goods or services (a benefit received) and partly as a contribution as quid pro quo contributions.

Many businesses upon formation or soon thereafter, put in place a buy-sell agreement to protect the business from the event that an owner (voluntarily or involuntarily) leaves the company.

As described in our earlier blog “The AICPA Introduces the Nonprofit Membership Section,” the AICPA has broadened their membership requirements for non-CPA associates and added a not-for-profit (NFP) section which allows non-CPAs to join the AIPCA and have access to numerous NFP resources. In an effort to strengthen this new NFP section, the AICPA recently launched the NFP Certificate Program.

Most small business owners are looking for new ways to drive profitability while reducing costs.