The Financial Accounting Standards Board (FASB) proposes changes to accounting for internal software development costs. Learn about the proposed changes and how they might affect your company's financial reporting.

Creating a succession plan is essential for business owners looking to preserve their legacy. This article discusses how to define your succession goals, select an appropriate exit strategy, and prepare your management team for future success. Learn how a well-thought-out plan can help minimize family discord, reduce tax burdens, and secure your business's future. Read the full article for detailed insights.

Revocable trusts can be a powerful tool for married couples looking to streamline their estate planning. But should you choose a joint trust or separate trusts? This article delves into the key factors that will influence your decision, including asset control, estate tax exemptions, and creditor protection. We also explore how your choice could affect your tax exposure and provide tips on how to structure your trust to meet your long-term goals. Read on for more detailed guidance.

Health Savings Accounts (HSAs) are an effective way to save for medical expenses while enjoying tax benefits. In this article, we explore HSA basics, including contribution limits for 2025, the tax-free growth of unused funds, and the portability of these accounts. HSAs are also beneficial for businesses and employees alike, allowing for reduced premiums and employer contributions. Learn more about how HSAs can help you control medical costs and improve your financial health. Read the full article for more.

Borrowing from a retirement plan, such as a 401(k), can be a convenient way to access funds, but it comes with risks. This article explains the potential tax consequences if the loan is not repaid on time, including penalties and taxable distributions. It also discusses loan limits, how interest is treated for tax purposes, and exceptions that may apply depending on the type of plan. To avoid financial pitfalls, it's essential to understand the rules and consult a tax adviser before borrowing. Read the full article for detailed guidance.

Billing disputes can strain relationships with customers and delay payments. This article explores how categorizing customers and setting strict deadlines can lead to quicker resolutions. It also emphasizes the importance of improving collections processes for smoother transactions. Read the full article for practical steps to resolve disputes and maintain healthy cash flow.