Blog Archives

“Backdoor Roth IRAs” – Beware Incomplete Advice!

This time of year all types of tax related information/advice pops up all over the internet and print media.  Some is actually quite helpful while other information is incomplete at best and dangerous at worst.  Falling in the “incomplete” category is the advice that is so prevalent on what is called the “backdoor Roth IRA”.

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Overlooked Tax Strategies for Tax Season

CPAs work with the tax code day in and day out and see a lot of items that provide the opportunity to save tax.  Many of these items are used by CPAs to prepare their own returns and if you have ever wanted to take a peek under the hood of your CPA’s tax return,

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Charitable Contributions Alert!

Over the past few years, we have seen a trend in the Internal Revenue Service (“IRS”) performing more audits and generally becoming much tougher in terms of its enforcement efforts – i.e. more audits, IRS notices, penalties, etc.  Given the massive U.S. national debt, we fully expect this trend to continue into the future.  One

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Convenience – the Enemy of Financial Controls in a Church or Ministry

For most church and ministry organizations, maintaining strong internal controls over the finance and accounting function is a difficult task. Clearly, a church or ministry’s main focus is the preaching and teaching of God’s Word and the finance and accounting function, while important, is often a secondary consideration. Additionally, in today’s modern world the virtues of convenience

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