You might think keeping financial information under your hat is best for your business, but learning to share could help you and your employees achieve your business goals. AUGUST 04, 2014 Some years ago, I hired an attorney to represent me on a small matter. He was young and very successful, expanding quickly and running […]

The very name “internal control” poses a problem for companies when they deal with outsourced providers.  This internal responsibility for external functions has become one of the biggest challenges for companies in the 2013 update of the widely used internal control framework created by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).  COSO […]

An anonymous couple in California’s “gold country”—named after the 1849 Gold Rush—found $10 million in rare gold coins buried in cans on their property. Why stay anonymous? They don’t want people digging on their property. After all, this is the biggest and best coin discovery in U.S. history. So said Davis Hall of Professional Coin […]

Being the subject of a sales and use tax audit is a fact of life for many large corporate taxpayers. For other taxpayers, an audit comes as an unwelcome surprise. Predicting what makes a company more vulnerable to a sales and use tax audit can prove to be a valuable exercise. Knowing what triggers an […]

By:  Michael Flerchinger, The Nichols Accounting Group Red Angus, December 2013 Benjamin Franklin once said the only two things certain in life are death and taxes. Doing year-end tax planning won’t save your life, but it’ll surely help you defer a portion of your tax bill – which can feel like financial resuscitation. This is […]

By:  Jennifer Deroin, The Nichols Accounting Group Red Angus, February 2014 Edition New Years Resolutions. Most people make them with good intentions, and then life happens. Goal setting and follow-through is a discipline and a commitment. It’s February; how are you resolutions faring? We often work with business owners helping them identify and execute business and […]

By:  Jennifer Deroin, The Nichols Accounting Group Red Angus, January 2014 Edition Every entrepreneur faces the same conundrum; falling into the trap of working in your business. That may seem like an erroneous statement, but it’s a true statement. Whether you’re running a grocery store, a construction company or the family ranch, business owners often […]

Robert Negele is a 90-year-old retired executive who has lived in Connecticut for almost 40 years. Despite decades of community involvement, including service on corporate and charity boards, he and two of his children who live nearby are seriously considering leaving the state.  “It’s a prime possibility we discuss at Sunday night dinners,” Mr. Negele […]

This type of IRA can be the key to a comfortable retirement for many investors Self-directed IRAs offer a unique way to build retirement savings. Self-directed accounts differ from traditional retirement accounts in that they allow for alternative investments that are not traditionally offered by banks and other management firms.  Investments Allowed in a Self-Directed […]

The IRS on Friday issued two related proposed regulation projects on health care coverage reporting requirements under the Patient Protection and Affordable Care Act, P.L. 111-148. One set of proposed regulations gives guidance to providers of minimum essential health coverage that are subject to the information-reporting requirements of Sec. 6055 (REG-132455-11). The other set gives […]