SD Mayer & Associates LLP

Making subjective #accounting estimates would be a lot easier if you had a crystal ball or a time-travel machine. In the absence of such tools, managers and auditors may need to adjust their mindsets for market volatility. https://hubs.ly/H0Qcr700

Reduce the risk of fraud and loss to your #retirement account by following these basic rules from the Department of Labor. https://hubs.ly/H0Q69C-0

With the market volatility in 2020 and passing of the #SECURE Act, we have seen an industry push towards the research and development of guaranteed income products. https://hubs.ly/H0Q65-x0

A new Senate bill would enable participants to continue saving for #retirement while repaying their student loan debt even if they can't afford to make their own contributions to a 401(k). https://hubs.ly/H0Q5Wft0

You should consider keeping active funds in your #retirement plan. Though active funds may have higher fees than passive funds, active management sometimes results in outperformance. https://hubs.ly/H0Q5QKW0

There’s a fine line between carrying excessive amounts of #workingcapital and operating too lean. Efficient operations hinge on finding your organization’s target working capital. https://hubs.ly/H0PZZs60

Different companies have different financial reporting needs. Is your current #accounting method a good fit, or is it time for a change? https://hubs.ly/H0QN-9Z0

To help ensure the safety of their people and limit property damage, all organizations need to prepare for possible #disasters. But some organizations need to plan more extensively. Is yours one of them? https://hubs.ly/H0PZXTR0

If you’re subject to the 3.8% #NIIT, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it. https://hubs.ly/H0PZXTn0

A strong internal control system can protect your organization from a variety of risks, including recordkeeping errors and employee theft. Here are three basic controls that you should take a look at annually. https://hubs.ly/H0PZXcr0

We are very excited to announce that effective July 1st, we will be merging in Redwood City-based TNT Inc. CPAs. On June 1st, we had Helen Johnson join the firm, the bridge between our firm and her history with one of our partners, and TNT. They'll all be based in our Menlo Park office. https://hubs.ly/H0Q0-L30 . . .... . #accounting #cpas #tax #mergers #acquisitions #sdmayer #menlopark See more

About 39 million households covering 88% of children in the U.S. will begin receiving monthly #tax credit payments soon. Here are the details. https://hubs.ly/H0P7q2B0

The decision to #hire new staffers may be the most difficult one your nonprofit will make this year. So ensure you’ve thought through it carefully and consider these alternatives first. https://hubs.ly/H0P7p910

Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating #capitalinvestment decisions can help get the biggest bang for your buck. https://hubs.ly/H0N-kYc0

Learn how provisions of the new Consolidated Appropriations Act can benefit you and your loved ones. https://hubs.ly/H0F3Rdr0

Can you benefit from the massive new Consolidated #Appropriation #Act signed into law? Here are some of the tax highlights for individuals. https://hubs.ly/H0F3hNJ0

Start off the new year right: Prepare your company’s prospective #income statement, balance sheet and statement of cash flows. https://hubs.ly/H0DRr-J0

Do you know the warning signs of delinquent payments? Being proactive helps protect your #cash flow and profits. https://hubs.ly/H0DRrVF0

Cybercrime isn’t always perpetrated by anonymous hackers in foreign countries. Some of the criminals stealing a company’s data could be employees. Reduce the risk of insider #cyberattacks by following these tips. https://hubs.ly/H0DRrVx0

Members who are deeply involved with your nonprofit are more likely to stick with it. What other factors promote member renewals and help sustain your organization over the long term? https://hubs.ly/H0DF1mM0

#Retirement isn’t just a time to quit working; it’s a time to enjoy the fruits of all of those years of labor. Click the link for more information! https://hubs.ly/H0xShG10

Planning to buy or sell mutual fund #shares? Here are some tax hazards to avoid. https://hubs.ly/H0ym6t10

#Nonprofits are obligated to use resources to support their mission and benefit those they serve. Here’s why insisting on accountability is one of the best ways to meet those goals. https://hubs.ly/H0ym4S10

Before #audit season starts, consider how a conflict of interest could negatively impact your financial statements. https://hubs.ly/H0ym2PD0

Even if your #nonprofit is weathering 2020’s multiple storms, your staffers may be anxious. Make sure you’re clear about where you stand and how you expect your organization to fare financially in the future. Here’s how. https://hubs.ly/H0yfd1Z0

Empower recently announced an agreement to acquire Mass Mutual’s retirement plan recordkeeping business. The acquisition is expected to capitalize on both firms’ experience and expertise to the benefit of #retirement plan participants and plan sponsors. https://hubs.ly/H0xLR9B0

Did you file an extension until Oct. 15 to file your 2019 #tax return? After finishing, you may find yourself with piles of tax-related documents. You might not want to toss them out for fear of trashing something important. https://hubs.ly/H0yd_Zt0

When licensing arrangements work, both charities and corporate partners can experience significant benefits, including a solid revenue stream. But it’s important to watch out for possible pitfalls. https://hubs.ly/H0y3sGG0

The FASB issued simplified rules for reporting long-term insurance contracts in 2018. But insurers have struggled to make the changes during the COVID-19 crisis. As a result, the effective date has been postponed for a second time in less than a year. https://hubs.ly/H0y3sGF0

Many #ERISA plan sponsors are unclear regarding a primary fiduciary responsibility concerning plan document retention (which and when documents may be purged). Most plan sponsors adopt an assumed reasonable amount of time to retain documents prior to purging them.https://hubs.ly/H0xLR9y0

How do I do the most good with my donation? That’s what a lot of your #nonprofit’s donors are asking. Following an effective altruism philosophy could help you answer that question. https://hubs.ly/H0xBTtK0

In some cases, a married couple files a joint #tax return and one spouse doesn’t disclose all of his or her income. The IRS goes after the other spouse for payment. But there may be innocent spouse relief. https://hubs.ly/H0xHCJD0

Unscrupulous #nonprofits sometimes use gifts in kind to mislead donors and boost their ratings. New accounting guidance aims to protect donors and legitimate charities by requiring greater transparency about these contributions. https://hubs.ly/H0xC94M0

Many Defined Contribution #retirement plan participants are uncertain as to benefits of allocating their contributions to traditional vs Roth options. https://hubs.ly/H0xmYQh0