Miller Kaplan

Small business owners: Can you name the key differences between prepared and compiled financial statements? http://ow.ly/SuE750HF5Bz #ItsMoreThanJustNumbers #Business #MillerKaplan #Financial Statements

Financial statements are a logical starting point for valuing a business. The cost approach begins with the balance sheet. Is this approach right for your situation? http://ow.ly/g4WR50HE7Xn #ItsMoreThanJustNumbers #Business #MillerKaplan #BalanceSheet #FinancialStatements

Want to get your tax return sooner and protect yourself from tax identity theft? File your tax return early. http://ow.ly/pFMh50HC2YC #ItsMoreThanJustNumbers #Life #MillerKaplan #Tax #IdentityProtection

Employers that sponsor 401(k) plans often lose touch with participants who leave the organization. The U.S. Department of Labor recommends various best practices for tracking them down. http://ow.ly/GQz550HAtyi #ItsMoreThanJustNumbers #Business #MillerKaplan #401k #employeebenefitplans

Regardless of how harmonious a family may be during one’s life, there’s always a chance that a disgruntled family member may file an undue influence challenge. http://ow.ly/nhl750Hyxct #ItsMoreThanJustNumbers #Life #Family #MillerKaplan #EstatePlanning

How much can you contribute to a 401(k) plan for 2022? How much is the standard deduction? How much do you have to earn this year before you can stop paying Social Security on your salary? Here are some answers to these and other tax-related questions for 2022. http://ow.ly/XM3G50HxwXL #ItsMoreThanJustNumbers #Life #MillerKaplan #Taxes

Employers with group health plans: Expanded requirements to prevent surprise billing now apply to emergency and some nonemergency services for plan years beginning on or after January 1, 2022. http://ow.ly/z3x950HucM6 #ItsMoreThanJustNumbers #Business #MillerKaplan #EmployeeBenefitPlans

In honor of MLK Day of Service, we are highlighting some of the community service our amazing team members are doing not just on Monday, but throughout the whole year too. Realizing that entering or navigating the workforce is both exciting and overwhelming, Paul Jan Zdunek, our Chief Operating Officer, enjoys serving as an experienced guide as a way of repaying those who helped him on his journey. He provides mentorship to students and alum of Johns Hopkins University ...(his alma mater) through the OneHop Mentoring Program - and having previously been a professional orchestra conductor, he also mentors young conductors at the Concert Artists Guild as they begin, what he describes as the scariest part of their career the beginning. #ItsMoreThanJustNumbers #Life #Family #Dreams #MillerKaplan #Service #Community #MLKday #mentor #JohnsHopkins #ConcertArtistsGuild

In honor of MLK Day of Service, we are highlighting some of the community service our amazing team members are doing not just on Monday, but throughout the whole year too. Shari Hanlon, our Leadership Development manager, has been a mentor through the Association for Talent Development’s Mentor Program. She found this to be an amazing two-way street and has made long-time friends through the experience. #ItsMoreThanJustNumbers #Life #Family #Dreams #MillerKaplan #Service #Community #MLKday #ATD #Leadership #Learning

In honor of MLK Day of Service, we are highlighting some of the community service our amazing team members are doing not just on Monday, but throughout the whole year too. Qiva Dinuri, a partner here at Miller Kaplan, has recently started volunteering with Twin Falls Poop Patrol. They do community clean up activities on the Snake River Canyon Rim Trail, particularly picking up dog poop, which is very polluting and potentially dangerous if it ends up in the Snake River. As ...she says, "let's all be good dog parents and pick up the poop!!" Previously, in San Francisco, Qiva used to volunteer almost every Sunday with Save the Bay - participating in activities for wetlands restoration projects and helping to prevent storm water pollution in the San Francisco Bay. #ItsMoreThanJustNumbers #Life #Family #Dreams #MillerKaplan #Service #Community #MLKday #Idaho #TwinFalls #SanFrancisco #SaveTheBay

Everybody can be great Because anybody can serve. - Martin Luther King, Jr. Let this quote remind us all to always keep moving in the service of others. With that sentiment in mind, our offices will be closed on Monday to enable and encourage our team members to volunteer in their communities that day. #ItsMoreThanJustNumbers #Life #Family #Dreams #MillerKaplan #Service #Community #MLKday

Are inefficient inventory practices dragging down your business? It’s important to regularly review your approach. http://ow.ly/awj850HtjlB #ItsMoreThanJustNumbers #Business #MillerKaplan #Inventory #BusinessManagement

The IRS is urging employers to choose payroll services providers carefully to guard against fraud and compliance failures. Here’s what the tax agency is saying. http://ow.ly/RPnK50Hsq81 #ItsMoreThanJustNumbers #Business #MillerKaplan #Payroll

Congrats if you filed your 2020 tax return by the May 17 deadline. But you may still have questions. We’re often asked about refund status, record retention and amended tax returns. Here are some answers. http://ow.ly/MNNM50EUhUF #ItsMoreThanJustNumbers #Life #MillerKaplan #Taxes

Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help maximize your ROI. http://ow.ly/7IhA50ESNL7 #ItsMoreThanJustNumbers #Business #MillerKaplan #financialstatements

Traditionally, most assets and liabilities were reported on the balance sheet at historical cost. Now, there’s a trend toward fair value reporting. Here’s how the change is affecting financial reporting. http://ow.ly/CTOE50ERMLW #ItsMoreThanJustNumbers #Business #MillerKaplan #BalanceSheet #FairValue

Having spouses’ trusts that are too similar isn’t simpatico with the IRS and may trigger unintended tax consequences. http://ow.ly/OBV350EQQbl #ItsMoreThanJustNumbers #Life #Family #MillerKaplan #Estates #Trusts

A final rule affecting employee classification issued during the Trump administration was recently withdrawn by the Biden administration. Details here. http://ow.ly/YzVd50EPRF2 #ItsMoreThanJustNumbers #Business #MillerKaplan #independentcontractors #DOL

Is your business having trouble getting customers to pay on time? Here are five effective ways to maximize collections and minimize write-offs. http://ow.ly/I65x50EOVzu #ItsMoreThanJustNumbers #Business #MillerKaplan #receivables

In light of the recent hacks that included FireEye, SolarWinds, and many government agencies, our information security expert, David Lam, breaks down how small or medium-size businesses can attempt to stay secure. #ItsMoreThanJustNumbers #Business #MillerKaplan #InformationSecurity #DataSecurity #FraudPrevention

Are you concerned about your children’s ability to handle your wealth? A little education can go a long way. #ItsMoreThanJustNumbers #Family #MillerKaplan #EstatePlanning

The fourth estimated tax payment deadline for 2020 is coming up. Here are the details of when it is and whether you’re required to make a payment. #ItsMoreThanJustNumbers #Life #Business #MillerKaplan #Tax

Keeping track of basis in partnerships is important as it can create tax implications based on various factors. Senior Manager Nicky Lipset explains some of the situations in which basis can change taxable income. #ItsMoreThanJustNumbers #Business #MillerKaplan #Tax #Partnerships

Retailers can’t afford to lose any amount of holiday revenue to return fraud, particularly during these challenging times. We explain the problem of phony returns and provide you with some solutions. #ItsMoreThanJustNumbers #Business #MillerKaplan #Retail

Have you been contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the recently announced limits for 2021. #ItsMoreThanJustNumbers #Life #MillerKaplan

If you’re fortunate to have cashed in some investment gains in 2020, you may be looking for unrealized losses in your portfolio to offset your gains. Selling losing stock may reduce your 2020 tax liability, but be aware of the wash sale rule. #ItsMoreThanJustNumbers #Life #MillerKaplan

We are pleased to announce that Igal Khoshlesan has been promoted to partner. Igal has been with the firm for more than 15 years - specializing in employer compliance and audit and assurance services for employee benefit plans and nonprofit organizations. #ItsMoreThanJustNumbers #Business #MillerKaplan

An estate plan on-off switch can help ensure your estate plan minimizes taxes. Here’s why you may need one and how it works. #ItsMoreThanJustNumbers #Life #MillerKaplan #EstatePlanning

Medical and dental costs are expensive and it’s hard to get a tax deduction for them. Here’s what it takes to get a deduction and how you might be able to benefit by moving certain expenses into 2020. #ItsMoreThanJustNumbers #Life #MillerKaplan #Tax

It’s that time of year again: time to spend your unused dollars if you have an FSA. #ItsMoreThanJustNumbers #Life #MillerKaplan

As we wind down 2020, be aware that December 31 is an important date when it comes to filing your tax return. Whether you’re married or unmarried on that date will affect how you file. Check out the 5 federal tax filing statuses and who can claim them. #ItsMoreThanJustNumbers #Life #Family #MillerKaplan #Tax

Season's Greetings! Wishing you and your family a safe, healthy, and happy holiday season! #ItsMoreThanJustNumbers #Life #Family #MillerKaplan #HappyHolidays #HappyNewYear

Last night, President Trump signed the latest COVID-19 relief bill. The measure contains many tax provisions, one of the most anticipated being clarification on the deductibility of expenses paid with forgiven Paycheck Protection Program (PPP) loan proceeds. We've highlighted these and some of the other most notable changes. #ItsMoreThanJustNumbers #Business #Life #MillerKaplan #Tax

Do you know which deadly sins can sabotage your estate plan? Here are four. #ItsMoreThanJustNumbers #Life #MillerKaplan

There are several differences between a special needs trust and an ABLE account. Knowing the details of each can benefit your disabled family member. #ItsMoreThanJustNumbers #Life #MillerKaplan

The demand for seasoned accounting and finance expertise has grown during the pandemic. Here’s why your accounting department is a valuable asset and what you can do to retain your top performers. #ItsMoreThanJustNumbers #Business #MillerKaplan

How might a President-elect Joe Biden administration affect estate taxes? Learn about his proposals here. #ItsMoreThanJustNumbers #Life #MillerKaplan

The footnotes in your nonprofit’s financial statements can be a treasure trove for donors, grant-makers and other supporters. Make sure you’re including the right information. Here’s how. https://www.millerkaplan.com/using-footnotes-to-disclose-y/ #ItsMoreThanJustNumbers #Business #MillerKaplan

This year, we are grateful for the little things (that aren't so little, indeed)! We hope that your Thanksgiving is safe, healthy, and includes some delicious food. #ItsMoreThanJustNumbers #Life #Family #Gratitude #MillerKaplan

It may seem easier to put money into a traditional IRA than it is to take money out. Here are some of the ins and outs of the IRA distribution rules. #ItsMoreThanJustNumbers #Life #MillerKaplan

Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Here’s more about how the interest on the bonds is taxed. #ItsMoreThanJustNumbers #Life #MillerKaplan

During the current pandemic, empty offices and other workspaces may beckon thieves, both outsiders and dishonest employees. To protect computers and other property, take these steps. #ItsMoreThanJustNumbers #Business #MillerKaplan

Business identity thieves are always ready to take advantage of a situation, including the current pandemic. So you need to prevent crooks from getting your company’s sensitive data. #InformationSecurity #ItsMoreThanJustNumbers #Business #MillerKaplan

If you become disabled and are fortunate enough to receive disability income, you may have to pay federal tax on it. Here are the basic rules. #ItsMoreThanJustNumbers #Life #MillerKaplan

You can apply many traditional estate planning strategies to an art collection. But, art also presents unique planning challenges. #EstatePlanning #ItsMoreThanJustNumbers #Life #MillerKaplan

Congratulations to Michael Kaplan & Justine Ruffalo, who have been recognized, again, among Variety's Business Managers Elite. #BusinessManagement #ItsMoreThanJustNumbers #Dreams #MillerKaplan