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Special Needs Trusts: What Expenses Can They Pay For?

Posted on December 13, 2017

A special needs trust or a supplemental needs trust can be established to help a disabled individual who is receiving assistance…

Writing Off Worthless Stock Investments

Posted on December 13, 2017

Over the years, many of us have bought stock in a company that later failed. Examples include Enron, Adelphia, Global Crossing,…

Revenue Recognition for Nonprofits

Posted on December 13, 2017

The Financial Accounting Standards Board (FASB) has issued new accounting standards for recognizing revenue, ASU No. 2014-09,…

Taxes On Personal Injury Awards And Settlements

Posted on December 11, 2017

Hopefully, you will never need to know how payments for personal injuries are taxed. But here are the rules, just in case you or a…

Fight Internal Fraud With 8 Precautions

Posted on December 07, 2017

When you read in the paper that a "trusted employee" has been charged with embezzlement, it can be shocking. But then, of course,…

Keeping The Business In The Family

Posted on December 01, 2017

Many successful small companies are family owned and run. And, there's a good reason for it. It takes passion to make a go of it in…

Giving Gifts To Employees? The IRS Wants Its Share!

Posted on November 29, 2017

Do you want to be extra-generous to employees who are doing a good job? Bonuses and gifts can be an effective motivational tool,…

What You Can Do Now for the New FASB Nonprofit Standard

Posted on November 29, 2017

The new FASB ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities will be required for the year ending…

Why You Need A Buy-Sell Agreement

Posted on November 21, 2017

If you co-own a business with other family members, it's generally a good idea to have a well-drafted buy-sell agreement to protect…

Hire Your Kids, Save Taxes

Posted on November 16, 2017

Here's a great tax-saving idea for those who have teenagers who can work part-time in the family business. Hire the kids as…

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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