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The article discusses the management of private firms, using the term "mark-to-market" in reference to making decisions that maximize corporate value and a metaphor of "safe harbor" to represent the number of private companies that exist. In managing for value, private firms improve their performance by investing in their employees, innovation, and infrastructure. Compliance with the Sarbanes-Oxley Act is mentioned.

The article outlines strategies to help companies manage their employees' 401(k) plans. Tips for passing the Average Deferral Percentage (ADP) test are presented, as well as some ways to get nonhighly compensated employees (NHCEs) to increase their savings rate. The effect of the Small Business Job Protection Act of 1996 (SBJPA) and its revisions of the definition of highly compensated employees (HCEs) and ADP testing is discussed.

The article discusses the U.S. Internal Revenue Service's (IRS) increase of the de minimis safe harbour threshold to 2,500 dollars for capitalizing tangible assets for taxpayers without an applicable financial statement (AFS) as of May 2016. Topics covered include taxpayer conditions for the de minimis regulation, and its three benefits to a company. Also noted is the IRS's Revised Procedure 2015-20 on the use of the cut-off method in making accounting changes.

The article discusses U.S. Internal Revenue Service (IRS) regulations providing a safe harbor for small companies to expense items below a certain value or with a life of 12 months or less rather than capitalizing them. According to the author, most small businesses do not have documents that qualify as an acceptable Financial Statement (AFS) for gaining access to these safe harbor provisions. Topics discussed include auditing and reporting to the U.S. Securities and Exchange Commission (SEC).

The article looks at Revenue Procedure 2013-13, a simplified procedure for claiming a home office deduction on U.S. income taxes. According to the authors, the procedure is a safe harbor which allows taxpayers to deduct $5 per square foot for up to 300 square feet of space, and does not affect the eligibility requirements previously determined by the U.S. Internal Revenue Service (IRS). It is suggested that taxpayers with relatively small home offices may benefit from the procedure.