Marvin & Co. Blog

Marvin and Company‚Äôs Next My95: Supporting the Garden of Feedin’!

Posted on: 5/7/18 by Carol A. Hausamann, CPA

Marvin & Company’s “My95” initiative has given me the opportunity to make an extra difference in the causes I already support. Ninety-five dollars won’t end world hunger, however it has allowed me to improve the lives of local people in need. That’s why I am pleased to allocate “My95” to the Sister Maureen Joyce Center’s “Garden of Feedin. ‘

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Tax Reform Now Includes K-12 Costs in Expanded Section 529 Deductions

Posted on: 5/7/18 by Kevin P. O'Leary, CPA

Residents of the District of Columbia and 35 states can take advantage of either a full or partial state income tax deduction for contributions to an investment-type savings plan specifically made for college savings, called a 529 plan.

This article explains what taxpayers can do with new provisions of 529 plans, and highlights their effects on Coverdell ESAs.

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After Reform, Tax Strategy Isn’t One-Size-Fits-All

Posted on: 5/7/18 by Thomas W. Donovan, CPA

The historic passage of the new tax law has generated an unparalleled opportunity for business transformation for American companies, and it all starts with the tax function. From parsing through thousands of pages of tax legislation and related explanation, to identifying how each provision impacts their business, to figuring out where to reinvest savings, tax executives must be mindful that the ramifications of reform will be unique to each business and may change as additional guidance and corrections are available.

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Four Key Changes for Depreciation Deductions

Posted on: 5/7/18 by Kevin P. O'Leary, CPA

New tax law revamps the rules
The historic passage of the new tax law has generated an unparalleled opportunity for business transformation for American companies, and it all starts with the tax function. From parsing through thousands of pages of tax legislation and related explanation, to identifying how each provision impacts their business, to figuring out where to reinvest savings, tax executives must be mindful that the ramifications of reform will be unique to each business and may change as additional guidance and corrections are available.

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How to Protect Your Company From Employee Fraud

Posted on: 5/7/18 by Carol A. Hausamann, CPA

As much as you would like to think it can’t happen at your company, employee theft can and does occur at companies of all sizes and sectors. From fictitious vendors and inflated expense reports to rigged bidding processes and vendor kickback, employees can be quite creative when their intent is to commit fraud.

This article discusses the proactive steps you can take to help prevent employee theft at your company before it becomes a problem.

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Estate and Gift Tax Rules Have Changed - Here’s What You Should Know

Posted on: 5/7/18 by Christopher L. Cimijotti, CPA

The sweeping reform Congress pushed through to the federal tax law began taking effect mostly in 2018. Among the many significant changes made were changes to the estate and gift tax law. The crux of the change is that the estate and gift tax lifetime “exemption” more than doubles, from $5.49 million in 2017 to $11.18 million per person in 2018. That said, the change is only temporarily through 2025, meaning the next eight years are most beneficial for taxpayers to plan before the exemption sunsets on Jan. 1, 2026.   

This article shares insights on changes to estate and gift tax rules in the wake of tax reform.

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Guarding Against Social Security Benefits Fraud

Posted on: 5/7/18 by Kevin J. McCoy, CPA, CFF

Like most people, you want to decide how and when to receive your Social Security benefits. After all, it’s a personal decision—you need to decide what will work best for you. Now think about how you would feel if you found out that a stranger made that decision for you and was able to tap into your funds long before you even made your decision.

This article shows how you can protect yourself against online Social Security fraud with one simple step.

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Imposing Restraints on Top Employees

Posted on: 5/7/18 by Myra M. Thorne, PHR

How a non-compete agreement works

How can you stop one of the rising stars in your company from leaving for greener pastures? While you cannot permanently block a move, one technique employers often rely on is to use a noncompete agreement. Essentially, the employee may be barred from revealing trade secrets or pilfering clients for a competitor after departing the company. But this protection is not ironclad: An employer may still have to go to court to protect its interests.
 
This article highlights the key components of a non-complete agreements employers should know about.

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Employee Engagement Strategies

Posted on: 5/7/18 by Myra M. Thorne, PHR

6 Tips for Keeping Your Employees Engaged - Are your employees enthusiastic and motivated when they come to work? What keeps your employees engaged?  Believe it or not, it doesn’t take that much effort to keep your workforce happy, and it doesn’t require anywhere near the substantial cost of replacing a dissatisfied employee.

This article provides proven techniques to consider if you really want to make a difference.

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Non-GAAP Measures - A Roadmap for Audit Committees

Posted on: 5/7/18 by Heather R. Lewis, CPA

Non-GAAP measures, while providing additional insight into the operations, financial position and liquidity of a company, also remain an area of focus for regulators. A new tool issued by the Center for Audit Quality examines key themes emerging from a series of recent stakeholder discussions which paved the way for creation of a Non-GAAP roadmap for audit committees to follow in their oversight of the financial reporting process. 

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