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Keeping Covenants: Getting debt ratios right

Accurately defining and computing restrictions on indebtedness is critical to assessing a business's compliance with debt covenant ratios. Many indentures…
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2 tax law changes that may affect your business’s 401(k) plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction…
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Can you deduct business travel when it’s combined with a vacation?

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a…
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A review of significant TCJA provisions affecting small businesses

Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s…
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Home-related tax breaks are less valuable in 2018

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax…
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Could your next business loan get “ratio’d”?

  We live and work in an era of big data. Banks are active participants, keeping a keen eye on…
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Tax document retention guidelines for small businesses

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But…
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Tax record retention guidelines for individuals

What 2017 tax records can you toss once you’ve filed your 2017 return? The answer is simple: none. You need…
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TCJA changes to employee benefits tax breaks: 4 negatives and a positive

  The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the…
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TCJA temporarily lowers medical expense deduction threshold

With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than…
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