August 2020
Featured Article From Our Experts

Employee benefit plans, including retirement plans, offer many benefits for both you (the employer) and your employees. Although, the Employee Retirement Income Security Act (ERISA) has long imposed standards on those who manage such plans. Given this scrutiny, it is imperative that employee benefit plan fiduciaries understand their responsibilities and continually adhere to the standards that apply to them. In this article, i will review what it means to be a fiduciary and how you can protect yourself from personal liability.

Anyone selling a business interest, real estate or other highly appreciated property could get hit with a substantial capital gains tax bill. One way to soften the blow — though it ties up the funds long term — is to “roll over” the gain into a qualified opportunity fund (QOF). This article explains how QOFs work and their potential benefits.

Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments and other expenses. One option is to borrow against the cash value of a permanent life insurance policy. This article explores the risks and benefits of such a strategy.
If you’re like many people, you’ve worked hard to accumulate a nest egg in your traditional IRA. Knowing the finer points of the distribution rules is critical — particularly, as some of these rules have temporarily changed under the Coronavirus Aid, Relief and Economic Security (CARES) Act. This article covers the latest details.
Register for our Virtual Fraud Prevention Conference on September 22, 2020!
Join us for our Virtual Fraud Prevention Conference where you will gain insight into the fraudulent threats amid the pandemic crisis and learn steps you can take to minimize your exposure and protect your business. 
 

About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty plus years' history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients and it's also the most significant way we can contribute to their long-term success.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com