Archive | Dalby, Wendland & Co. News

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Life Insurance Remains a Powerful Estate Planning Tool for Nontaxable Estates

For years, life insurance has played a critical role in estate planning, providing a source of liquidity to pay estate taxes and other expenses. Today, estate taxes are no longer a concern for many families because the estate tax exemption amount stands at $5.45 million. But even for nontaxable estates, life insurance continues to offer […]

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Is Your Nonprofit Making These 5 Accounting Mistakes?

Your not-for-profit’s accounting function affects everything you do. That’s why processes and procedures — and whether staff members adhere to them — should be reviewed regularly. In particular, ensure your organization isn’t making the following five common mistakes: Lacking formal, documented accounting processes. All aspects of managing your nonprofit’s money should be reflected in a […]

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Financial Analytics Provide the Foundation for Your Audit…and Beyond

An auditor does significant legwork before starting field work. During the audit planning phase, he or she reviews the preliminary financials and compares the current year’s results to last year and industry benchmarks. Here’s a closer look at what happens behind the scenes — and why you might want to implement a similar approach internally. […]

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Take Care of a Loved One Who Has Special Needs With an SNT

Special needs trusts (SNTs), also called “supplemental needs trusts,” benefit children or other family members with a disability that requires extended-term care or that prevents them from being able to support themselves. This trust type can provide peace of mind that your loved one’s quality of life will be enhanced while not disqualifying him or […]

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Using Independent Contractors? Protect Your Business With These Tips

Many businesses use independent contractors to keep payroll taxes and fringe benefit costs down. But using outside workers may result in other problems. The IRS often questions businesses about whether workers should be classified as employees or independent contractors for federal employment tax purposes. If the IRS reclassifies a worker as an employee, your company […]

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Awards of RSUS can Provide Tax Deferral Opportunity

Executives and other key employees are often compensated with more than just salary, fringe benefits and bonuses: They may also be awarded stock-based compensation, such as restricted stock or stock options. Another form that’s becoming more common is restricted stock units (RSUs). If RSUs are part of your compensation package, be sure you understand the […]

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DWC volley ball team

Supporting Local Children

DWC in Grand Junction sponsored two volleyball teams for the Spike a Wish tournament to benefit Grant a Wish program. The teams had a great time playing in the sand at Volleys and raising money to support local children. We appreciate and thank all sponsors, organizers, players, and program supporters!

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Estate Tax Deferrals

If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient liquid assets to pay estate taxes. In such cases, heirs may be forced to borrow funds or, in a worst-case scenario, sell the business in order to pay […]

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HSA + HDHP = Your ideal benefits strategy?

Health Savings Accounts (HSAs) were created as a tax-favored framework to provide health care benefits mainly for small to midsize businesses and the self-employed. So, assuming your company falls into one of these categories, have you considered the strategy of using these accounts with a high-deductible health plan (HDHP)? Tax benefits The tax benefits of […]

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