Skip to the content

Menu

Insights

Gain insights from our publications and learn about our firm's sponsored events.

Mergers and acquisitions are part of the business landscape, especially recently. One important consideration if either is on your horizon is how taxes will factor into it. Don’t go into a merger or acquisition without understanding how current tax law affects these transactions.

Is your company generating financial statements with all the information necessary to tell how you’re doing? Here’s what they should contain.

Many employers use nonqualified deferred compensation plans to attract and retain executive talent. The rules, however, are complex.

Whittlesey nonprofit expert, Katrina Olson highlights the importance of Form 990 and offers helpful tips on filling it out. 

When you step down from your company, your winning smile won’t be the only thing walking out the door. Your knowledge will be, too. That’s why your succession planning should include knowledge management.

If a recent proposal is passed, organizations will receive a little more time to prepare for two major changes in accounting standards. 

The House Ways and Means Committee recently voted in favor of The Economic Mobility Act of 2019 (H.R. 3300), which if passed, would repeal a 21 percent tax on exempt organizations who offer qualified parking transportation fringe benefits to their employees. Learn more about this important update.

Finding and converting prospects into a reliable income stream can protect your business and help increase your profitability. Check out these ways to find prospects and turn them into clients.

In the latest Whittlesey Minute, assurance expert, Kate Donovan, discusses four ways to prepare for your benefit plan audit. 

Passwords, in essence, are the keys to the kingdom, so we must make sure that we keep them secure, safe, and strong to keep cybercriminals out. Whittlesey's Manager of IT Security and Assurance Services, Chris Wisneski, discusses best practices for an impenetrable password in the latest Whittlesey Minute. 

With donations on the rise, it is more important than ever for nonprofit organizations to increase their efficiency. The following are six best practices that can improve your nonprofit’s timeliness and accuracy.

Learn how the new not-for-profit reporting model will impact financial statement presentation and disclosures.

Whittlesey is helping nonprofits succeed with forward-thinking advice, particularly around issues of mergers, acquisitions and succession planning. Learn how we helped InterCommunity succeed by merging with a like-minded organization. 

In a recent article published by Hartford Business Journal, Brenden Healy, a tax partner at Whittlesey, discusses how to take advantage of the new 20% biz income deduction.

Whittlesey nonprofit experts Lisa Wills and Katrina Olson outline the new Financial Accounting Standards Board (FASB)'s "Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made," which amends the Accounting Standards Codification (ASC) Topic 958-605.

In a recent article published by Business West, Brenden Healy, a tax partner at Whittlesey, discusses tax-saving opportunities still available for the 2018 tax year.

Chris Wisneski, Manager, IT Security & Assurance Services of Whittlesey, discusses the importance of having a Cybersecurity Assessment. As cyber attacks and breaches continue to increase, it's critical that businesses be made aware of what their cyber risk is.

A sound strategic business plan is key to the success of a business. Here are 7 reasons why your business can benefit from a business plan.

True story: An employee clicked on an email from someone she knew. Shortly after, she had a brief computer glitch which required her to enter her username and password to get back in. Odd things have happened before, so she thought nothing of it.

A number of changes could impact banks, especially community banks, over the next few years. Larry Carboni and Mario Solari, partners in our Hartford office, discuss these upcoming changes and how to plan for them.

Camille Livsey, Whittlesey's manager of nonprofit consulting and a certified Abila Business Partner, advised CTCPA on the benefits and longevity of Abila MIP Fund Accounting™ to move their organization forward. Learn about how she enabled them to do more than crunch numbers. 

The House Ways and Means Committee recently voted in favor of The Economic Mobility Act of 2019 (H.R. 3300), which if passed, would repeal a 21 percent tax on exempt organizations who offer qualified parking transportation fringe benefits to their employees. Learn more about this important update. 

Many small and medium-sized companies delay succession planning, but that can spell disaster for the business. Roger Sciascia discusses a few key reasons why businesses need a succession plan for their success. 

Whittlesey tax partners highlight the significant changes made to both individual income and business taxes in the passing of the “Tax Cuts and Jobs Act” tax reform bill.

At Whittlesey, we believe in providing expert counsel and guidance. In this interview, our tax partner offers valuable tips for tax season.

Whittlesey banking professionals provide expert counsel on the impact of the Tax Reform Bill of 2017 on banks, specifically in regards to the significant change in the federal corporate tax rate. 

In 2018, Massachusetts signed into law a statute that provides paid family and medical leave (PFML) benefits to workers. The MA legislature recently released a draft of the regulations and a mandatory poster to be displayed in a conspicuous place on the employer's premise.

There is much more to getting ready for an audit than just closing the books and reconciling accounts. Here’s a list of tips to help you have a successful audit experience.

The new Federal procurement standards should be implemented by all organizations receiving Federal funding. There are five general procurement standards that cover the purchase of property, supplies, and services under the Uniform Guidance. Learn more.

As in the for-profit world, sometimes not-for-profits need to spend money to make money. This is particularly true when it comes to fundraisers. At the same time, you need to resist the temptation to overspend or your special event may not raise the amount you were hoping for. Here’s how to stay on budget.

Donors don’t always realize how restricted gifts can prevent charities from operating efficiently and fulfilling their mission. If your nonprofit wants more unrestricted gifts, you’ll need to educate supporters. Here’s how.

If your nonprofit’s periodic financial statements fail to jibe with your auditor’s year end statements, you may think someone is at fault. Actually, there can be perfectly good reasons why the numbers are different.

If your 501(c)(6) association doesn’t know the difference between qualified and non-qualified activities, you could be in trouble. Here’s why.